The directors have declared an interim gross dividend (number 101) of 39.10 cents per share out of income reserves.

20-Sep-2018(Official Notice)

04-Sep-2018(Official Notice)

Shareholders are advised that Ms Lorato Phalatse has resigned as an independent non-executive director with effect from 31 August 2018.

31-Jul-2018(Media Comment)

According to Business Report retailer Pick n Pay, through investments worth billions of rand, plans to create employment for 15000 people over the next few years. At the company's annual general meeting, Pick n Pay chairperson Gareth Ackerman said although South Africa was not yet over the worst, the country was heading in a distinctly more optimistic direction. Mr Ackerman added more focus needed to be placed on creating employment, and that over th past three years Pick n Pay had invested R5.3 billion in opening and refurbishing stores and building its supply chain. These investments had created almost 14000 new jobs.

30-Jul-2018(Official Notice)

Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay was held on 30 July 2018 and all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority. The following information is provided:

*Total issued number of ordinary shares: 488 450 321

*Total issued number of B ordinary shares: 259 682 869

*Treasury shares: 7 543 999

*Number of ordinary shares that could have been voted at the meeting: 480 906 322

*Number of ordinary shares represented at the meeting: 398 776 317

*Number of B shares represented at the meeting: 259 682 869

*Percentage of ordinary shares represented at the meeting: 82.92%

*Percentage of B shares represented at the meeting: 100.00%

23-Jul-2018(Official Notice)

Notice was given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.picknpayinvestor.co.za

29-Jun-2018(Official Notice)

Shareholders are advised that the audited company and Group annual financial statements for the 52 weeks ended 25 February 2018 are on our website, www.picknpayinvestor.co.za, together with the 2018 Integrated Annual Report and the 2018 Corporate Governance Report. The annual financial statements contain no modifications to the summarised audited Group annual financial statements that were published on 19 April 2018.

Ernst - Young Inc. completed their audit of the company and Group annual financial statements on 18 April 2018. Their unqualified audit report is presented in the 2018 audited annual financial statements and is available for inspection at the registered office of the company.

Notice of the annual general meeting

The annual general meeting of Pick n Pay will be held on Monday, 30 July 2018 at 08:30 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. The record date to vote and participate in the meeting is Friday, 20 July 2018.

The notice and proxy of the annual general meeting was posted to shareholders on 29 June 2018, together with the summarised audited Group annual financial statements. The notice and proxy form can also be found in the 2018 corporate governance report, which will be available by close of business on 29 June 2018 on our website, www.picknpayinvestor.co.za.

04-Jun-2018(Official Notice)

Shareholders are advised that the audited Company and Group annual financial statements for the 52 weeks ended 25 February 2018 are now available on our website, www.picknpayinvestor.co.za. The annual financial statements contain no modifications to the summarised audited Group annual financial statements that were published on 19 April 2018. Ernst - Young Inc completed their audit of the Company and Group annual financial statements on 18 April 2018. Their unqualified audit report is presented in the 2018 audited annual financial statements and is available for inspection at the registered office of the Company.

Notice of AGM

The annual general meeting will be held on Monday, 30 July 2018 at 08:30 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. The notice and proxy of the annual general meeting will be posted to shareholders on 29 June 2018, together with the summarised audited Group annual financial statements. The 2018 integrated annual report, which also contains the notice and proxy form, will be available on our website, www.picknpayinvestor.co.za, by close of business on 29 June 2018.

The Board declared a final dividend of 155.40 cents per share. This brings the total annual dividend for the year to 188.80 cents per share, 7.1% up on last year, in line with the growth in headline earnings per share. The dividend cover of 1.5 times headline earnings per share was maintained.

Company outlook

South Africa is a significantly more positive country than it was a year ago. President Ramaphosa has committed to greater levels of economic transformation and growth, including through closer collaboration with the private sector to stimulate investment, greater employment, the elimination of corruption, and improved levels of service delivery.

In all areas of the economy, including business, optimism does not automatically translate into sustainable growth. Sustainable growth requires a successful plan, and hard work to deliver that plan. Over this past year, Pick n Pay has taken the most decisive action in its 50-year history to cut costs, become more resilient and give the savings back to our customers in the form of lower prices and better value. We have made our shops brighter and more vibrant, accelerated our own brand offer and taken real steps to become a true multi-channel retail business.

We are changing the trajectory of the Pick n Pay Group, and will build on this momentum in 2019. The Group will continue to invest in its strengthened customer offer. Across Pick n Pay and Boxer, the Group is confident that it will win customers across all levels of our economy. Pick n Pay will be South Africa's first genuine multi-channel business, with a substantive convenience and online presence and recognition as South Africa's most affordable and inclusive banking partner.

We would like to extend our thanks and sincere appreciation to the Pick n Pay and Boxer teams who have worked tirelessly over the past few years to build a strong and resilient business.

17-Oct-2017(C)

Revenue for the interim period was higher at R40.0 billion (R38.3 billion) whilst gross profit grew to R7.0 billion (R6.7 billion). Trading profit lowered to R441.5 million (R554.1 million). Profit for the period also decreased to R293.8 million (R381.8 million). Furthermore, headline earnings per share took a knock to 61.88 cents per share (82.43 cents per share).

Dividend

The board declared an interim dividend (number 99) of 33.40 cents per share, up 11.7% on last year in line with the growth in normalised headline earnings per share.

02-Oct-2017(Official Notice)

Shareholders are referred to the announcement released on SENS on 31 July 2017 and are now advised that:

- Group headline earnings per share are:

Pick n Pay is in the process of finalising its 2018 interim financial results for the 26 weeks ended 27 August 2017, which will be published on Tuesday, 17 October 2017.

The Group is encouraged that progress in delivering its plan is evident in its financial performance for the first half of the 2018 financial year. Measured on a normalised basis, excluding the once-off impact of the VSP, headline earnings per share will increase between 10% and 15% on the prior year.

The Group delivered turnover growth of 5.1% in the period. This reflected a challenging trading environment, and investment in lower prices to customers, with the Group restricting its selling price inflation to 3.6%, well below published CPI food inflation at 6.9%.

The Group issued a trading statement on 31 July 2017 explaining that the total cost of the VSP for staff would fall in the first half of the financial year, offset only in part by the related savings during the reporting period. Taking into account this once-off impact, headline earnings per share will decrease between 20% and 25% on the prior year. The cost of the programme will be fully recovered by the end of the financial year through resulting savings in employee costs, and will deliver substantial savings in future years. The VSP was one of a number of steps that the Group has taken over the past six months to accelerate progress on its turnaround in a difficult consumer economy. As well as reducing operating costs and improving efficiency, the Group has modernised its Smart Shopper loyalty programme, further centralised its supply chain, and implemented a plan to buy better from suppliers. These and other steps are changing the trajectory of the Group?s performance, with lower costs creating the headroom to deliver better value for customers.

According to Business Day, Pick n Pay is controlling the online shopping sector as it is now the largest online grocery business in Africa. As a result, the company opened its Gauteng online shopping warehouse in July 2017. From 2012, the online division has enjoyed double-digit growth annually. Pick n Pay general manager for online and mobile, Michael Cotterell said that online shopping is now a vital alternative for the business' customers and is gaining popularity.

31-Jul-2017(Official Notice)

Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay Stores Ltd. was held on 31 July 2017 and all the resolutions proposed at the AGM were passed by the requisite majority.

The following information is provided:

Total issued number of ordinary shares: 488 450 321

Total issued number of B shares: 259 682 869

Number of ordinary shares that could have been voted at the meeting: 748 133 190

Number of ordinary shares represented at the meeting: 670 377 788

Number of B shares represented at the meeting: 259 682 869

Percentage of ordinary shares represented at the meeting: 90%

Percentage of B shares represented at the meeting: 100%

Abstentions are represented as a percentage of total issued number of shares. The annual financial statements for the year ended 26 February 2017 were presented to shareholders.

31-Jul-2017(Official Notice)

30-Jun-2017(Official Notice)

Shareholders are advised that the audited Company and Group annual financial statements for the 52 weeks ended 26 February 2017 are available on our website, www.picknpayinvestor.co.za, together with the 2017 Integrated Annual Report and the 2017 Corporate Governance Report. The annual financial statements contain no modifications to the audited summarised financial results that were published on 19 April 2017. Ernst - Young Inc completed their audit of the Company and Group annual financial statements on 18 April 2017. Their unqualified audit report is presented in the 2017 audited annual financial statements and is available for inspection at the registered office of the Company.

Notice of AGM

The annual general meeting of Pick n Pay will be held on Monday, 31 July 2017 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. The notice and proxy of the annual general meeting was posted to shareholders on 30 June 2017, together with the summarised audited Group annual financial statements. The notice and proxy form will also be available on our website, www.picknpayinvestor.co.za, by close of business on 30 June 2017.

22-May-2017(Official Notice)

Shareholders are advised that the audited Company and Group annual financial statements for the 52 weeks ended 26 February 2017 are now available on our website, www.picknpayinvestor.co.za. The annual financial statements contain no modifications to the summarised audited Group annual financial statements that were published on 19 April 2017. Ernst - Young Inc completed their audit of the Company and Group annual financial statements on 18 April 2017. Their unqualified audit report is presented in the 2017 audited annual financial statements and is available for inspection at the registered office of the Company.

Notice of AGM

The annual general meeting will be held on Monday, 31 July 2017 at 08:30 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. The notice and proxy of the annual general meeting will be posted to shareholders on 30 June 2017, together with the summarised audited Group annual financial statements. The notice and proxy form will also be available on our website, www.picknpayinvestor.co.za, by close of business on 30 June 2017.

19-Apr-2017(C)

Revenue for the year grew to R79.1 billion (R73.5 billion) and gross profit rose to R13.9 billion (R13.0 billion). Trading profit was higher at R1.8 billion (R1.5 billion). Profit for the period increased to R1.2 billion (R1.1 billion). In addition, headline earnings per share jumped to 264.35 cents per share (224.04 cents per share).

Shareholder distribution

The board declared a final dividend of 146.40 cents per share, bringing the total annual dividend for the year to 176.30 cents per share, 18.0% up on last year and maintaining a dividend cover of 1.5 times headline earnings per share.

10-Apr-2017(Official Notice)

Shareholders are advised that Pick n Pay Stores Ltd. (?the Group?) is in the process of finalising its 2017 financial results for the 52 weeks ended 26 February 2017, which are expected to be published on 19 April 2017.

The Group will deliver an improved financial performance for the 2017 financial year. Headline earnings per share (HEPS) will increase between 15% and 20% on the prior year, continuing the forward momentum achieved by the Group over each of the last four years.

The result will demonstrate the Group?s progress in delivering a balanced and sustainable recovery. Greater operating efficiency is evident in the strong discipline on cost, more centralised supply chain and higher productivity in stores. Turnover growth of 7.0% reflects a difficult trading environment, alongside some internal disruption from refurbishments and store closures which are improving the quality of the estate. The Group is developing strong pillars for future growth by improving its customer offer across its Pick n Pay and Boxer formats, opening more Next Generation stores, accelerating product innovation through private label and enhancing its clothing, online and services offer.

Pick n Pay expects the results for the 52 weeks ended 26 February 2017, expressed as growth on the previous year, to fall within the following ranges:

Growth on prior period, 52 weeks to 26 February 2017 Expected range cents per share and 52 weeks to 28 February 2016 Actual cents per share

The Group is now well advanced on its journey to restore the business to a sustainable profit margin, with a cost-effective and efficient engine and effective platforms for long-term growth.

23-Mar-2017(Media Comment)

According to Business Report, Pick n Pay aims to spend R500 million to cut the cost of more than 1 300 basic goods, fruits, vegetables and meat as well as specials on 1 000 items to mark the celebration of its 50th birthday. Pick n Pay had employed strategies to curtail costs and improve efficiency which has given the retailer latitude to invest in its customers. The company placed emphasis on essentials to ease the pressure on its customers due to inflation and uses technology to gain insights into their customer's spending habits

24-Oct-2016(Official Notice)

Pick n Pay announced the re-appointment of Alex Mathole as an independent non- executive director to the board of Pick n Pay. Alex served on the board from October 2010 to the end of February 2013, when she resigned because she was taking up an executive position at Tiger Brands Ltd. that could potentially have led to a conflict of interests.

18-Oct-2016(C)

Revenue for the interim period increased to R38.3 billion (2015: R35.3 billion). Gross profit rose to R6.7 billion (2015: R6.2 billion), trading profit was higher at R554.1 million (2015: R462.8 million), while profit for the period improved to R381.8 million (2015: R322.5 million). Furthermore, headline earnings per share grew by 23.7% to 82.43 cents per share (2015: 66.62 cents per share).

Dividend

The directors have declared an interim gross dividend (number 97) of 29.90 cents per share out of income reserves.

07-Oct-2016(Official Notice)

Shareholders are advised that Pick n Pay (?the Group?) is in the process of finalising its 2017 interim financial results for the 26 weeks ended 28 August 2016, which are expected to be published on 18 October 2016.

The Group announced that it will deliver another improved financial performance for the first half of the 2017 financial year. Headline earnings per share (HEPS) will increase between 20% and 25% on the prior year.

The Group?s long-term strategy - built on a combination of greater operating efficiency, sales growth and margin improvement - remains on track. This result is under-pinned by stronger operational and financial discipline, with tight expense control in an inflationary economy. Turnover growth of 7.2% (7.5% in constant currency) reflects a tougher trading environment and some internal disruption from store refurbishments as the Group continues to improve the quality of its estate. Two-year compound turnover growth - which smooths the impact of disruption - is close to 8%.

Pick n Pay expects the results for the 26 weeks ended 28 August 2016, expressed as growth on the previous year, to fall within the following ranges:

Growth on prior period, 26 weeks to 28 August 2016 Expected range cents per share and 26 weeks to 30 August 2015 Actual cents per share

The Group is confident in the delivery of its long-term strategy. A successful turnaround requires a programme of improvement over a number of years, and this result represents the seventh consecutive reporting period of substantive profit growth. The Group?s track record of greater operating efficiency and improved customer-focus provides a strong platform for growth. It believes that the pressures facing consumers - in particular the pernicious effect of high food inflation - may begin to alleviate in the coming months.

30-Aug-2016(Official Notice)

12-Aug-2016(Official Notice)

25-Jul-2016(Official Notice)

Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay was held on 25 July 2016 and all the resolutions proposed at the AGM were passed by the requisite majority.

25-Jul-2016(Official Notice)

24-Jun-2016(Official Notice)

14-Jun-2016(Official Notice)

30-May-2016(Official Notice)

Shareholders are advised that the audited Company and Group annual financial statements for the 52 weeks ended 28 February 2016 are now available on our website, www.picknpayinvestor.co.za. The annual financial statements contain no modifications to the audited summarised financial results that were published on 26 April 2016. EY Inc completed their audit of the Company and Group annual financial statements of Pick n Pay Stores Ltd. on 25 April 2016. Their unqualified audit report will be presented in the 2016 audited annual financial statements and is available for inspection at the registered office of the Company.

Notice of AGM

The annual general meeting of Pick n Pay will be held on Monday 25 July 2016 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. On 24 June 2016 the notice of the annual general meeting will be posted to shareholders and the 2016 Integrated Annual Report will be released on the company's website.

28-Apr-2016(Media Comment)

According to Business Day, Pick n Pay announced its plans to enter the Nigerian market through a joint venture with Nigeria Stock Exchange-listed AG Leventis. Pick n Pay will have a 51% holding in the joint venture which will roll out a combination of large and smaller formats to meet consumer needs in Nigeria, offering ranges tailored to local customer needs.

The Board declared a final dividend of 125.20 cents per share, bringing the total annual dividend for the year to 149.40 cents per share and maintaining a dividend cover of 1.5 times headline earnings per share for the full year.

Good progress on our plan

This is a strong result, achieved through hard work and a determination to get better at everything we do. We are buying better, diversifying our sales through flexible formats, benefiting from greater centralisation of our supply chain, bearing down on costs, and improving our efficiency. We have improved our trading profit margin and delivered another substantive improvement in profits. We are making real progress on our turnaround plan and our aim to restore Pick n Pay to long-term sustainable growth. We would like to acknowledge the hard work of our team, who are not only committed to building a prosperous business, but who continue to uphold the special values that make Pick n Pay such a loved brand in South Africa.

11-Apr-2016(Official Notice)

Shareholders are advised that Pick n Pay is in the process of finalising its 2016 financial results for the 52 weeks ended 28 February 2016, which are expected to be published on 26 April 2016.

The Group expects to deliver a strong financial performance for the 2016 financial year, with headline earnings per share (HEPS) up between 20% and 30% on the prior year. The result demonstrates good progress across all areas of the business. It delivers on the Group?s determination that its improved performance should be customer-led as well as cost-driven. It therefore reflects a stronger customer proposition as well as further improvements in cost control and operational efficiency.

Group turnover growth of 8.2% for the year (8.6% in constant currency terms) is the strongest delivered for several years, well ahead of the 6.1% growth delivered in 2015. The Group?s focus on improving its customer offer is reflected in stronger like-for-like turnover growth, and an effective opening programme has delivered a greater contribution from new stores. The Group restricted its selling price inflation to 3.1%, below CPI Food inflation of 5.3% for the period.

We expect the results for the 52 weeks ended 28 February 2016, expressed as growth on the previous period, to fall within the following ranges:

Shareholders are advised that Mr John Gildersleeve has resigned as an independent non-executive director with effect from 1 March 2016. Based in the United Kingdom, John has commitments to business and family that demand more of his attention in his home country.

13-Oct-2015(C)

Revenue for the interim period increased by 8.5% to R35.2 billion (2014: R32.5 billion). Gross profit rose by 17.7% to R6.2 billion (2014: R5.7 billion), trading profit shot up by 19.7% to R462.8 million (2014: R386.6 million), while profit for the period jumped by 23.1% to R322.5 million (2014: R261.9 million). Furthermore, headline earnings per share was higher at 66.62cps (2014: 53.98cps).

Shareholder distribution

The Board declared an interim dividend of 24.20 cents per share, up 23.5% on last year, in line with the growth in headline earnings per share and maintaining a dividend cover of 1.5 times earnings for the full year.

Maintaining momentum in a challenging environment

Trading conditions remain tough in South Africa and other markets, with strong retail competition for customers who are coming under increasing financial pressure at all levels of society. Against this background the Group has remained focused on improving its operational efficiency and delivering greater value and a better shopping trip for customers. This has delivered positive results in the first half of the year and the Group is focused on maintaining this momentum throughout the year.

02-Oct-2015(Official Notice)

Shareholders are advised that Pick n Pay is in the process of finalising its 2016 interim financial results for the 26 weeks ended 30 August 2015, which are expected to be published on 13 October 2015.

The Group will deliver another improved financial performance for the first half of the 2016 financial year. Earnings per share (EPS) and headline earnings per share (HEPS) will increase between 15% and 25% on the prior year.

Stage 2 of the Group?s long-term strategy ? to change the trajectory of Pick n Pay - is gaining momentum despite an increasingly challenging trading environment. Turnover growth accelerated in the first half of the year accelerated to 8.5% compared to 6.1% in the 2015 financial year. This growth has come from a good balance between sales from new space and a stronger like-for-like performance.

Pick n Pay expects the results for the 26 weeks ended 30 August 2015, expressed as growth on the previous year, to fall within the following ranges:

30 August 2015 expected range - 31 August 2014 actual

*HEPS: 62.08 to 67.48 - 53.98

*Diluted HEPS: 61.09 to 66.40 - 53.12

*Basic EPS: 62.55 to 67.99 - 54.39

*Diluted Basic EPS: 61.55 to 66.90 - 53.52

Growth on prior period: Between 15 and 25% increase

Pick n Pay is encouraged by the momentum it is achieving in delivering its plan, combining greater operational efficiency with an increasingly strong customer offer. Market conditions are likely to remain difficult in the second half of the financial year, but the Group?s first half performance provides a solid base on which to deliver.

This trading statement has not been reviewed by or reported on by the Pick n Pay?s auditors.

27-Jul-2015(Official Notice)

Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay was held on 27 July 2015 and all the resolutions proposed at the AGM were passed by the requisite majority.

27-Jul-2015(Official Notice)

Shareholders are advised that Mr Benedict James van der Ross, having served on the board since 2000, has decided not to stand for re-election as a non-executive director. Ben?s resignation from the board is effective as from 27 July 2015.

26-Jun-2015(Official Notice)

Shareholders are advised that the 2015 Integrated Annual Report, which includes the audited Company and Group financial statements for the 52 weeks ended 1 March 2015, has been available on our website, www.picknpayinvestor.co.za since 11 June 2015. The financial statements contain no modifications to the audited summarized financial results that were published on 21 April 2015.

KPMG Inc. completed their audit of the Company and Group financial statements of Pick n Pay on 20 April 2015. Their unqualified audit report is presented in the 2015 Integrated Annual Report and is available for inspection at the registered office of the Company.

Notice of Annual General Meeting

The annual general meeting of Pick n Pay will be held at 08h30 on Monday, 27 July 2015 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting.

The notice and proxy of the annual general meeting was posted to shareholders on 26 June 2015, together with the summarised audited financial statements. The notice and proxy form have also been made available on our website, www.picknpayinvestor.co.za.

11-Jun-2015(Official Notice)

Shareholders are advised that the 2015 Integrated Annual Report, which includes the audited Company and Group financial statements for the 52 weeks ended 1 March 2015, is available on our website, www.picknpayinvestor.co.za. The financial statements contain no modifications to the audited summarized financial results that were published on 21 April 2015.

KPMG Inc. completed their audit of the Company and Group financial statements of Pick n Pay on 20 April 2015. Their unqualified audit report is presented in the 2015 Integrated Annual Report and is available for inspection at the registered office of the Company.

Notice of the AGM

The annual general meeting of Pick n Pay will be held at 08h30 on Monday, 27 July 2015 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting.

The notice of the annual general meeting will be posted to shareholders on 26 June 2015 after conclusion of the tender process regarding the appointment of external auditors.

21-Apr-2015(C)

10-Apr-2015(Official Notice)

11-Nov-2014(Media Comment)

According to Business Report, Pick n Pay is undertaking to win over customers from all different income groups. Richard Brasher, chief executive, said the retailer needs to serve better both ends of the income spectrum.

16-Oct-2014(C)

Revenue for the interim period increased by 7.2% to R32.5 billion (2013: R30.3 billion). Gross profit rose by 5.8% to R5.7 billion (2013: R5.4 billion), trading profit shot up by 21.8% to R386.6 million (2013: R317.5 million), while profit for the period jumped by 36.7% to R261.9 million (2013: R191.6 million). Furthermore, headline earnings per share was higher at 53.98cps (2013: 40.81cps).

Shareholder distribution

The Board declared an interim dividend of 19.60cps, 32.4% up on last year.

Conclusion: More to come

The Group is encouraged by this improved profit performance. Good expense control and improved operational efficiency is delivering higher returns and strengthening the capacity of the business to deliver on their strategy of customer-focused, sales-led growth. The board is impatient to lead more change in Pick n Pay and accelerate progress on their plan. A great deal of hard work remains to be done under increasingly challenging economic conditions, but the group intends to sustain the momentum they have built up over the past 18 months.

06-Oct-2014(Official Notice)

Shareholders are advised that Pick n Pay Stores Ltd. ("the Group") is in the process of finalising their financial results for the 26 weeks ended 31 August 2014, which are expected to be published on 16 October 2014.

The Group will deliver an improved financial performance in the first half of the 2015 financial year, despite the backdrop of a difficult economy and a challenging trading environment.

Turnover growth of 6.8% over the period reflects the increasing financial pressure faced by our customers and the competitiveness of our market. We are pleased however, with the improvement in our like-for-like turnover growth, which has increased to 4.0%, from 2.7% for the year ended February 2014. We continue to support our customers both by keeping our price increases below food CPI and by investing to improve the shopping trip.

Sustained improvement in financial control and operating efficiencies are driving the profit growth, as Pick n Pay steadily becomes a more effective and productive business.

We expect the results for the 26 weeks ended 31 August 2014, expressed as growth on the same period last year, to fall within the following ranges:

HEPS expected range cps 51.01 to 55.09

Diluted HEPS expected range cps 50.56 to 54.61

EPS expected range cps 52.07 to 56.07

Diluted expected range cps 51.60 to 55.57

The Group is encouraged by this improved profit performance and the progress being made across all areas of our business. Good expense control and improving operational efficiency is strengthening the capacity of the business to deliver on its strategic focus, which remains that of customer-driven and sales-led growth. We are taking our positive momentum into the second half of the year, while acknowledging that a great deal of hard work remains to be done under increasingly challenging economic conditions.

This trading statement has not been reviewed by or reported on by the Group's external auditors.

11-Sep-2014(Media Comment)

Business Report announced that Pick n Pay is on track with completing its central distribution programme, already reducing distribution costs by 10 percent. Centralisation measures include opening a fine picking area and implementing the latest SAP warehouse systems were on track and should be completed by 2016. At completion, the central distribution system would allow for store deliveries six to seven times a week, with a 24 hour lead time of over 14 000 products nationwide.

04-Jul-2014(Media Comment)

Business Day reported that John Moxon, Meikles Ltd. group chairman, commented that Pick n Pay's 41%-owned Zimbabwean retailer TM Supermarkets will open more stores in the next financial year. Meikles owns 59% of TM Supermarkets. The addition of four stores under the Meikles Mega Market stores portfolio will add to TM's chain of 53 supermarkets, which it runs nationwide.

03-Jun-2014(Official Notice)

Shareholders are advised that at the annual general meeting all the resolutions, as set out in the notice and proposed at the meeting, were passed by the requisite majority of shareholders present or represented by proxy. The relevant special resolutions will be submitted to the Companies and Intellectual Property Commission in due course.

23-May-2014(Official Notice)

In compliance with the JSE Listing Requirements, the following information is disclosed:

Director : Gareth Ackerman, in his capacity as a trustee of the Ackerman Pick n Pay Charitable Foundation

Company : Pick n Pay Stores Limited

Date of transaction : 21 May 2014

Nature of transactions : On market purchase of shares by the Foundation

Number of securities purchased : 30,000

Class of security : Ordinary

Average purchase price per share : R58.09

Total value of shares purchased : R1,742,700.00

Highest purchase price per share : R58.21

Lowest purchase price per share : R57.95

Nature of interest : Non-beneficial

Clearance obtained : Yes

Director : Gareth Ackerman, in his capacity as a trustee of the Ackerman Pick n Pay Charitable Foundation

Company : Pick n Pay Stores Limited

Date of transaction : 22 May 2014

Nature of transactions : On market purchase of shares by the Foundation

Number of securities purchased : 71,900

Class of security : Ordinary

Average purchase price per share : R58.66

Total value of shares purchased : R4,217,654.00

Highest purchase price per share : R59.00

Lowest purchase price per share : R58.00

Nature of interest : Non-beneficial

Clearance obtained : Yes

02-May-2014(Official Notice)

Shareholders are advised that the Pick n Pay audited consolidated summarised financial statements for the year ended 2 March 2014 was posted to shareholders on 2 May 2014, and contain no modifications to the audited results that were published on 15 April 2014. The 2014 Integrated Annual Report will be available on their website www.picknpayinvestor.co.za as from 20 May 2014.

Notice of AGM

The notice of the annual general meeting has been posted to shareholders on 2 May 2014. The annual general meeting of Pick n Pay will be held at 08h30 on Monday, 02 June 2014 in the conference center of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. A videoconferencing link to the annual general meeting in Cape Town will be available in the conference centre at Pick n Pay Office Park, 2 Allum Road, Kensington, Johannesburg.

25-Apr-2014(Official Notice)

In compliance with the JSE Listing Requirements, the following information is disclosed:

Business Report highlighted that Pick n Pay believes it?s in a stronger position than a year ago, after opening 111 stores, cutting costs and getting closer to lower -income communities. Pick n Pay was particularly proud of its new stores in KwaMashu, Chatsworth and Hammarsdale in KwaZulu Natal. The retailer lifted turnover 7.7 percent to R63.1 billion for 52 weeks to March. Chief executive Richard Brasher indicated that he was confident that Pick n Pay are performing better and are being more competitive.

15-Apr-2014(C)

Revenue for the year ended 2 March 2014 increased by 6.4% to R63.7 billion (2012: R59.8 billion).Gross profit rose by 6.8% to R11 billion (2012: R10.3 billion), trading profit shot up by 18.5% to R1 billion (2012: R852.4 million), while profit for the period grew by 6% to R583.7 million (2012: R550.6 million). Furthermore, headline earnings per share jumped by 24.4% to 138.51cps (2012: 111.3cps).

Dividend

The directors have declared a final gross dividend of 77.50 cents per share out of income reserves.

Prospects

It has been a challenging but rewarding year and the board is pleased with this overall result. The board is encouraged by the improved financial performance delivered and the progress demonstrated across all areas of their business. Pick n Pay's business is stronger than it was a year ago. Customers and shareholders are experiencing the benefit.

Much work lies ahead in what is a difficult trading environment. The board has a clear plan to improve the shopping trip for their customers, drive higher turnover growth, and deliver further operating efficiencies and cost savings. The board thanks all their staff who have worked so hard over the past twelve months to improve their business and the lives of their customers.

04-Apr-2014(Official Notice)

Shareholders are advised that Pick n Pay ("the group") is in the process of finalising their financial results for the financial year ended 2 March 2014, which are expected to be published on 15 April 2014.

Despite a more challenging trading environment, the group will deliver an improved financial performance for the 2014 financial year. Annual turnover growth was 7.7% on a comparable 364-day basis. Turnover growth on last year's published 368 days was 6.5%. The group's improved financial performance reflects in large measure the encouraging progress over the past year in reducing cost through greater organisational and operational efficiency, and stronger financial control across the business.

During the 2014 financial year the group completed the centralisation of its buying, operational and finance support functions. Some systems and reporting tools previously developed to support the decentralised business operation became obsolete. This has necessitated an impairment of certain intangible assets, which will be reflected in the financial results.

Pick n Pay expects the results for the financial year ended 2 March 2014, expressed as growth on the previous year, to fall within the following ranges:

Growth on prior year as published 368 days and Growth on prior year as adjusted (pro-forma) 364 days

HEPS and diluted HEPS will increase between -- 20% and 30%; 35% and 45%

EPS and diluted EPS will increase between -- 1% and 10%; 15% and 25%

HEPS excludes the impairment of intangible assets, which accounts for the difference in the year-on-year increase between HEPS and EPS.

The group is encouraged by this improved financial performance. However, much work remains to be done in what is a difficult trading environment. Our strategic focus remains that of customer-driven and sales-led growth, with progress on efficiency and expense control enabling us to invest in the shopping trip and deliver a consistently excellent customer experience.

13-Feb-2014(Official Notice)

Shareholders are advised that at the general meeting all the resolutions, as set out in the notice and proposed at the meeting, were passed by the requisite majority of shareholders present or represented by proxy.

*the election by shareholders of Audrey Mothupi, David Friedland and John Guildersleeve as non- executive directors of the company;

that was posted to shareholders on Tuesday, 14 January 2014, in relation to the General Meeting to be held at the registered office of Pick n Pay on Wednesday, 12 February 2014 at 16:00, the company advises as follows:

In accordance with the circular's statement that the proposed vesting scale for the first award would be reviewed by the Remuneration Committee prior to the allocation of awards, the company hereby informs shareholders that, following a meeting of the Remuneration Committee held on 28 January 2014, in the event of the Forfeitable Share Plan being adopted at the General Meeting, the following adjustments will be made to the proposed thresholds:

*cumulative HEPS growth for the group of 10% per annum, 30% of the awards will vest;

*cumulative HEPS growth for the group of 12% per annum, 65% of the awards will vest; and

*cumulative HEPS growth for the group of 15% per annum, 100% of the awards will vest.

No awards will vest if the cumulative HEPS growth for the group is less than 10% per annum.

In addition, in order to protect shareholders from the potential dilution that may be caused by a fresh issue of shares to cover the shares in the plan, the Remuneration Committee has agreed that no more than 5% of awards for the Forfeitable Share Plan may be settled by way of a fresh issue of shares.

14-Jan-2014(Official Notice)

A circular relating to:

*the adoption of the Pick n Pay Forfeitable Share Plan; and

*the election by shareholders of Audrey Mothupi, David Friedland and John Guildersleeve as non- executive directors of the company;

has been posted to shareholders on Tuesday, 14 January 2014.

The general meeting will be held at the registered office of Pick n Pay at 101 Rosmead Avenue, Kenilworth, Cape Town, on Wednesday, 12 February 2014 at 16:00. A real-time video-conferencing link will be in place between the registered office in Cape Town and Pick n Pay Office Park, 2 Allum Road, Kensington, Johannesburg to enable all persons to participate electronically in the General Meeting. The Record Date to vote at the General Meeting is Friday, 7 February 2014.

17-Dec-2013(Official Notice)

The board has now appointed two new non-executive directors, Audrey Mothupi and David Friedland, with an effective date of 13 December 2013. Audrey Mothupi will be an independent non-executive director. Given Mr Friedland's past relationship with Pick n Pay, David will not initially be considered to be an independent non-executive director.

23-Oct-2013(Media Comment)

Business Report highlighted that Pick n Pay implemented major cost-saving initiatives in the 26 weeks to September and would accelerate expansion to 64 new stores in the second half of the financial year. On the JSE Pick n Pay stock surged as much as 9.4 percent, the most since October 2008. Chief executive Richard Brasher said the results were encouraging and had given the retailer more enthusiasm to go further.

22-Oct-2013(Official Notice)

Pick n Pay Chairman, Gareth Ackerman, has advised that the board has elected John Gildersleeve as an independent non-executive director of Pick n Pay, effective 21 October 2013. This will be ratified at the next shareholders' meeting. John is based in the UK, and has a wealth of international retail, FMCG, investment, commercial and property experience.

22-Oct-2013(C)

Turnover increased by 6.2% to R30.1 billion (R28.3 billion). EBITDA was up by 9.9% to R810.5 million (R737.4 million). Gross profit was 9.2% higher at R5.5 billion (R5 billion) and trading profit rose by 15.2% to R317.5 million (R275.7 million). Net attributable profit increased by 6.2% to R191.6 million (R180.4 million). In addition, headline earnings per share grew by 13.6% to 40.81cps (35.91cps).

Dividend

A gross interim ordinary dividend of 14.8cps has been declared.

Outlook

Over the course of the last six months Pick n Pay has delivered an improved performance, built a stronger business and agreed on a clearer plan for the future. Management is determined that Pick n Pay customers will benefit from the investment in infrastructure through improved availability, choice, quality and price. Pick n Pay's management team is resolute in improving the group's customer offering, to ensure Pick n Pay stays the customers favourite grocery store.

08-Oct-2013(Media Comment)

Business Day reported that Pick n Pay set in motion a mobile app granting customers access to Smart Shopper kiosk services. Steve Hobban, Pick n Pay Smart Shopper GM, said the programme has evolved as the company learns more about its customers and their needs. Absa Investment analyst said that Pick n Pay's Smart Shopper was the most rewarding loyalty programme in the country.

01-Oct-2013(Media Comment)

Business Report noted that Pick n Pay has been included in the Dow Jones sustainability indices (DJSI). The DJSI is a list of corporate sustainability leaders from around the world. Andre Nel, Pick n Pay's general manager for sustainability, said that the group will attempt to lower its energy usage by an additional 20% by 2015.

16-Aug-2013(Media Comment)

According to Business Day, Pick n Pay's Zimbabwean joint venture TM Supermarkets increased turnover by 5% during the June 2013 quarter. Pick n Pay owns 49% of TM Supermarkets, which also said that gross margins were similar to those achieved in previous trading periods.

06-Jun-2013(Media Comment)

Business Day reported that Pick n Pay's 49%-held joint venture, TM Supermarkets ("TM"), more than doubled its pre-tax profit from USD5.2 million to USD11.2 million in the year to 31 March 2013. The performance of two TM outlets in Harare that have rebranded and refurbished as Pick n Pay have "performed above expectations." Two other stores were also completely refurbished.

20-May-2013(Official Notice)

Shareholders were advised that the Pick n Pay audited summarised financial statements for the 2013 annual financial period will be posted to shareholders. The summarised financial statements contain no modifications to the audited condensed consolidated results published on 23 April 2013. The Integrated Annual Report will be made available on the company's website for viewing and may be downloaded at www.picknpay-ir.co.za at the end of May 2013.

The notice of the annual general meeting and proxy form will be posted to shareholders, together with the audited summarised financial statements. The annual general meeting of Pick n Pay will be held at 08h30 on Tuesday, 25 June 2013 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, to transact business as stated in the notice of the annual general meeting. Video conferencing facilities will link the annual general meeting to the conference centre of our Johannesburg office at Pick n Pay Office Park, 2 Allum Road, Kensington.

Under the leadership of newly appointed CEO Richard Brasher the immediate priority is improving the shopping trip for customers. Pick n Pay needs to deliver on its promises to customers and have opportunities to improve the range offered, the quality of products and the value given back to customers through price and promotion. Pick n Pay is a great business, but as a team a lot of hard work lies ahead. It will be a challenging and exciting period for the Group and management looks forward to the future with optimism.

12-Apr-2013(Media Comment)

According to Business Report, Pick n Pay has acquired a property in the Durban suburb of Chatsworth which will see the retailer go head-to-head with rival Shoprite Holdings Ltd.'s store on the opposite side of the road. The move is a recognition by Pick n Pay of the buying power of emerging markets in Durban's outlying suburbs. Chris Gilmour, an equity analyst at Absa Investment, commented that it might have taken Pick n Pay longer to realise the potential in the middle to low-income markets but that the company was now moving quickly and was catching up with its rivals.

10-Apr-2013(Official Notice)

Shareholders were advised that Pick n Pay Holdings Ltd. and Pick n Pay Stores Ltd. are in the process of finalising their financial results for the annual financial period ended 3 March 2013, which are expected to be published on 23 April 2013. During the review period the group adopted a 52 week financial reporting calendar for all future annual financial periods. This change will align financial reporting with group operational structures. As a result, the 2013 annual financial period ended on 3 March 2013 compared to 29 February 2012 in the comparative period. The effect of the additional trading days is included in the 2013 reporting period.

The group experienced a challenging trading year with turnover growth for the period, excluding the additional trading days, at 6.3% and growth in comparable stores of 3.0%. Turnover growth, including the additional trading days, is 7.1%.The second half of the trading period resulted in encouraging turnover growth of 8.2%, compared to the 5.9% achieved in the first half.

The group improved trading profit in the second half of the year. However, given our poor performance in the first half, the results for the 2013 annual financial period compared to that of the previous period will fall into the ranges as detailed below. In the prior period we disposed of Franklins, our Australian operation, and this was disclosed as a discontinued operation. Included in the prior year basic earnings per share was a profit of R493 million on the disposal Franklins.

*EBITDA from continuing operations will decrease by between 5% and 15%;

*HEPS and diluted HEPS from continuing operations will decrease by between 25% and 35%. This compares to a 35.9% reduction in HEPS from continuing operations in the first half of the year;

*EPS and diluted EPS from continuing operations will decrease by between 25% and 35%;

*HEPS and diluted HEPS from total operations will decrease by between 20% and 30%;

*EPS and diluted EPS from total operations will decrease by between 45% and 55% due to the profit on sale of Franklins being included in the prior year.

22-Mar-2013(Media Comment)

Business Day reported that as part of its expansion into Africa, Pick n Pay opened a store in Luanshya in Zambia. This is the group's sixth Zambian store and it takes the total outlets outside SA to 95 across eight countries. Retailers are increasingly expanding their operations in African countries in the hope of tapping into an emerging middle class whose disposable income and demand for modern goods is growing.

01-Mar-2013(Official Notice)

Pick n Pay announced the resignation of Alex Mathole as an independent non- executive director, with effect from 28 February 2013.

27-Feb-2013(Official Notice)

Richard van Rensburg was appointed to the executive position of Deputy CEO for a three year period, effective from 1 October 2011, in order that the company could benefit from his experience in the implementation of strategy. In this function, the IT, supply chain and property functions reported directly to him. Following the resignation of Nick Badminton as CEO, Richard assisted acting CEO, Gareth Ackerman, in the day-to-day administration of the company whilst a search was conducted for a new CEO.

Following a smooth handover from Gareth and Richard to the new CEO, Richard Brasher, Pick n Pay announced that Richard van Rensburg will continue as deputy CEO. In addition to IT, supply chain and property, Richard's remit will focus on critical areas that are important to increasing efficiencies and finding further opportunities for growth.

01-Feb-2013(Official Notice)

Pick n Pay announced that, following the announcement of its new CEO in October last year, CEO Richard Brasher had started his role at Pick n Pay slightly early, on 23 January. Gareth Ackerman's role has reverted to non-executive chairman.

07-Dec-2012(Media Comment)

Business Day reported that Pick n Pay opened its third Mauritian store, in Mont Choisy in the Grand Baie region on the north of the island. The move further expands Pick n Pay's African presence. Pick n Pay has 100 stores in Africa excluding South Africa.

30-Nov-2012(Official Notice)

The following director undertook these share dealings:

*Director : David Robins

*Date of transaction : 28 - 30 November 2012

*Nature of transaction : On market sale of shares

*Number of securities sold : 224 000

*Class of security : Ordinary

*Average sale price per share : R40.34

*Total value of shares sold : R9 036 160

*Nature of interest : Indirect beneficial

*Clearance obtained : Yes

*Date of transaction : 28 November 2012

*Nature of transaction : On market sale of shares

*Number of securities sold : 74 108

*Class of security : Ordinary

*Average sale price per share : R40.23

*Total value of shares sold : R2 981 364.84

*Nature of interest : Direct beneficial

*Clearance obtained : Yes

30-Nov-2012(Media Comment)

Business Day reported that Pick n Pay announced the opening of its fifth store in Zambia. The new store is in line with the retailer's strategic African expansion plan. Analyst Chris Gilmour commented that Pick n Pay's strategy was working "quite well."

05-Nov-2012(Media Comment)

According to Business Report, Pick n Pay has acquired 225 sites for the stores it has planned for near-term expansion. This development was described as one of the largest store rollout plans in the country's retail industry. Director of property and store development at Pick n Pay, Izak Joubert, said the locations were a variety of suburban, township and rural stores. Retail would open 119 supermarkets and the rest of the stores would be Boxer supermarkets, small-format and express stores. Most of these sites will be rented but a few have been bought by Pick n Pay for self-development. Richard van Rensburg, group deputy chief executive said the roll-out would happen at the same speed as that of Pick n Pay's rivals so that the retailer gains market share.

Pick n Pay announced that after an extensive international search, it has appointed Richard Brasher, the former Tesco board member, to the position of Pick n Pay's Chief Executive Officer. The appointment takes effect from 01 February 2013.

23-Jul-2012(Media Comment)

Business Report noted that Pick n Pay has managed to cut its energy usage by 20% against its baseline and achieved R130 million in savings. Pick n Pay has also installed online electricity metering in its stores. Bronwen Rohland, Pick n Pay's marketing and sustainability director, said the company's goal is to reduce consumption against the business' baseline by 40% by the end of 2015.

18-Jun-2012(Official Notice)

Shareholders were advised that, at the annual general meeting of the company held in Cape Town on Friday, 15 June 2012, all the resolutions contained in the notice of the annual general meeting (dated 10 May 2012) were passed by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Companies and Intellectual Property Commission in due course.

12-Jun-2012(Media Comment)

Business Day reported that Pick n Pay is expanding in Zimbabwe, with plans to open a new supermarket in Harare at the end of June 2012. The store in Kamfinsa will be the first Pick n Pay store in Zimbabwe bearing the company's logo and will culminate in a rebranding exercise of all TM supermarkets countrywide - where Pick n Pay holds a 49% stake in the supermarket chain.

05-Jun-2012(Media Comment)

Business Day reported that Pick n Pay announced that the Nkomamonta Organic Farmers Co-operative in Tzaneen, in Limpopo, will supply 217 tons of organic vegetables to its stores countrywide. "Consumers are becoming increasingly more health and environmentally conscious and through this project we aim to increase the availability of organic produce," commented Pick n Pay transformation director Suzanne Ackerman-Berman. In March, the retailer made a commitment, through the Ackerman Pick n Pay Foundation, to the Department of Trade and Industry to provide dedicated organic produce shelf space in 50 of its stores to help in the development of the organic sector - emerging farmers around South Africa.

18-May-2012(Official Notice)

Shareholders are advised that the Pick n Pay consolidated annual financial statements (Annual Report) for the year ended 29 February 2012 has been posted to shareholders on 18 May 2012, and contains no modifications to the reviewed condensed consolidated results ("results") published on 18 April 2012. The annual report will be available on the website www.pnp.co.za as from 21 May 2012.

Notice of AGM

The notice of the annual general meeting will be posted to shareholders, included with the annual report. The annual general meeting of Pikwik will be held at 09h30, or as soon as the annual general meeting for Pick n Pay is completed, on Friday, 15 June 2012 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. A videoconferencing link to the annual general meeting in Cape Town will be available in the conference centre at Pick n Pay Office Park, 2 Allum Road, Kensington, Johannesburg.

03-May-2012(Media Comment)

Business Report wrote that Pick n Pay opened the group's second distribution centre on Wednesday, 3 May 2012. The opening of the new distribution centre means that Pick n Pay is one step closer to achieving greater efficiencies across the group. Nevertheless, the effect of the distribution centres on Pick n Pay's bottom line will only be felt in years to come. The new distribution centre is in Phillipi in Cape Town, and is one of five around the country. The total investment in the new centres amounts to R2 billion. Richard van Rensburg, deputy CE of Pick n Pay, commented that the fast-moving consumer goods section of the Phillipi centre will be fully operational by October 2012.

23-Apr-2012(Official Notice)

Pick n Pay and BP Southern Africa (BPSA) will roll out small-format Pick n Pay stores at BP service stations in the major metropolitan areas across South Africa. PnP Express stores stock between 1 500 and 2 500 product lines and stay open 24 hours a day, seven days a week, catering to the convenience retail market. The two companies initially signed a memorandum of understanding in July 2008 and have been testing the model since opening the first two PnP Express stores in Hout Bay and Tokai in the Western Cape at the end of the same year. There are currently nine Pick n Pay Express stores on BP forecourts in South Africa.

One hundred and twenty BP Express stores will be converted to PnP Express stores over the next five years. Additional stores may be converted after the initial five-year period. The roll out of PnP Express stores will concentrate on those BP sites which are most suitably located for Pick n Pay's customers. Both companies are confident that the format brings multiple benefits to the two companies, their franchisees, suppliers, and more particularly to South African customers who are in search of efficient and affordable convenience retailing.

The agreement paves the way for significant enterprise development through the development of new and existing franchisees and will add value to BBBEE. The focus is on convenience meals, pre-packed fresh fruit and vegetables, fresh meat, freshly baked bakery products, as well as a selection of hot foods, including pies, chicken and hot take-away meals. Groceries, including snacks, drinks and cigarettes, magazines and newspapers are also offered. Customers will be able to use their Pick n Pay smart shopper cards throughout the network. BP's signature Wild Bean Cafes are part of the offering.

Notice was given that the directors declared a final gross dividend (number 88) of 108.35cps out of income reserves.

Outlook

Despite a challenging year, Pick n Pay's improved performance over the last six months gives management confidence in the work that it have done in repositioning the group for the future, and gives Pick n Pay good momentum into the 2013 financial year. A significant portion of the company's transformation strategy has been implemented. There is still much work to be done in seeing the strategy through to completion, however Pick n Pay has reached the point where the benefits of the changes to date are starting to be felt and are expected to accelerate in the 2012/13.

30-Mar-2012(Official Notice)

Shareholders were advised that Pick n Pay Holdings Ltd. and Pick n Pay ("the group") are in the process of finalising their results for the year ended 29 February 2012, which are expected to be published on 18 April 2012.

Turnover growth for the year was 8.1% (8.7% for the six months ended 29 February 2012) with encouraging like for like growth. The increased turnover growth is the result of a number of factors, the most influential of which is the growth in the number of active customers in our smart shopper loyalty programme, which now stands at over 5 million.

The operational results for the second half of the financial year have shown a marked improvement. However, as reported with our interim results, the group's continued investment in its strategy has had a negative impact on profit growth for the year. The primary costs in this regard are the upfront launch costs of smart shopper, the implementation of specialist category buying and the continued investment in our central distribution system, all of which will improve future operating efficiencies and enhance our ability to serve our customers.

The group completed the sale of Franklins Australia ("Franklins") on 30 September 2011. The net proceeds from the sale were R1.2 billion, resulting in a profit after tax of R438.4 million. The profit on the sale of Franklins is not included in headline earnings. The operational results of Franklins and the profit on sale of Franklins are disclosed as a discontinued operation.

Given the above, management expects the results for the year ended 29 February 2012 to fall into the following ranges compared to the previous year:

*EBITDA from continuing operations will decrease by up to 10%;

*HEPS and diluted HEPS from continuing and total operations will decrease by between 10% and 20%. This compares to a 39.3% reduction in HEPS from continuing operations in the first half of the year;

*EPS and diluted EPS from continuing operations will decrease by between 10% and 20%; and

*EPS and diluted EPS from total operations will increase by between 35% and 45%, due to the profit on the sale of Franklins.

08-Feb-2012(Official Notice)

Pick n Pay announced that CEO Nick Badminton would resign from the board of Pick n Pay effective the end of the financial year but would be available to assist the company and its chairman in the transition period.

During the global search for a new CEO, Pick n Pay chairman Gareth Ackerman will move to executive chairman responsible for company strategy and working with the leadership team to embed the changes in the business, while preparing the company for succession. Deputy CEO Richard van Rensburg will assume day-to-day operational responsibility, backed by the dynamic team of executives at the company to further implement changes in Pick n Pay. The search will include internal candidates and external candidates, both local and international.

31-Jan-2012(Media Comment)

According to Business Report, retailer Pick n Pay has reportedly boycotted some of its suppliers who did not agree "to drop their prices so that customers can benefit". Products by Kellogg, Simba, Johnson - Johnson, Listerine, Aquafresh, Pampers and other brands have confirmed being put on ice at the company's Swaziland operations. The move, according to a notice posted at a Pick n Pay store in Mbabane, was part of a combined boycott against expensive suppliers at Pick n Pay's international head office in South Africa. Peter Arnold, Pick n Pay's head of food merchandising commented: "Most of our suppliers have responded well and we have negotiated new pricing. (But some) have not responded as well and are sticking to previously decentralised pricing despite the cost savings to them." Pick n Pay would replace certain products on its shelves while terms were renegotiated.

01-Dec-2011(Official Notice)

Pick n Pay announced that the company and SACCAWU had reached an agreement that would result in no forcible retrenchments due to operational requirements, and a flexible workforce. The agreement allows for a flexible workforce of both full-time and variable-time employees (VTEs) under changed working conditions. This will allow Pick n Pay to have the right number of employees in the business at the right times, in line with customer trends and demands. This in turn will provide for a flexible workforce, which will translate into a more efficient business. Pick n Pay confirmed that it offered voluntary early retirement and this was taken up by some 650 employees. In addition, the numbers of employees considered for retrenchments reduced over the period that consultations took place for various reasons including dismissal, resignation and retirement.

30-Nov-2011(Official Notice)

Pick n Pay welcomed the decision by the Full Court of the Federal Court of Australia dismissing the appeal by the Australian Competition and Consumer Commission against the sale of Franklins to Metcash, with legal costs being awarded to Pick n Pay. The sale of Franklins to Metcash was completed on 30 September 2011.

Pick n Pay has seen encouraging turnover growth, above the market for the first time in a few years, however the investments we have made in transforming Pick n Pay into a world class retailer have had a material impact on earnings. The most significant of these are the launch and set up of the loyalty programme Smart Shopper, the investment in building a specialised category buying function, and supply chain improvements. These initiatives will enable the group to better serve customers in the future.

The core of the company's strategy is focused on realising the full potential of the South African businesses. To do so Pick n Pay is closely focused on improving the customer offer and streamlining operations.

Steady growth into Africa continues. Pick n Pay now has two stores in Zambia, both trading extremely well, and the first store in Mozambique opened in June 2011, with the first store opening in Mauritius just after the six month period. In the next six months the group will open two more stores in Zambia, one in Mozambique and two in Mauritius. The group is still waiting for approval from the Zimbabwean Indigenisation Board in order to purchase an additional 24% of TM Supermarkets in Zimbabwe, to take Pick n Pay's stake to 49%.

Pick n Pay is making good progress in transforming the business. Although challenges lie ahead, management believes in its people and in this exceptional group.

04-Oct-2011(Official Notice)

Shareholders were advised that Pick n Pay and Pick n Pay Holdings Ltd ("the Group") are in the process of finalising their results for the six months ended 31 August 2011, which are expected to be published on or about 19 October 2011. As the group completed the sale of Franklins Australia ("Franklins") on 30 September 2011 it continues to be disclosed as a discontinued operation. The net proceeds from the sale were approximately R1.3 billion, which will be invested in the group's South African operations. The transaction will only be accounted for in the second half of the financial year. Notwithstanding the decision to complete the sale, the ACCC's appeal has been expedited with a three day hearing scheduled to begin on 24 October 2011. The groups confidence in a successful outcome has been boosted by the comprehensive judgment in their favour in the Federal Court in late August 2011and by the court's denial of the ACCC's application for an interim injunction.

Turnover growth for the six month period at 7.4% is encouraging given the continued tough economic conditions, dominated by low inflation and a highly competitive trading environment. The group attribute the increased turnover growth to a number of factors, one of the most influential of which is the introduction of the smart shopper loyalty programme launched in March 2011, which now has over 4 million customers. To accelerate its transformation into a globally competitive retailer, the group has continued to invest significantly in its transformation strategy. This investment has had a material profit impact in the current six month period. Main contributors to this are the upfront launch costs of smart shopper, the planning for a specialist category buying organisation and the continuous investment in an efficient centralised distribution system, all of which will greatly improve our ability to serve our customers.

Given this high level of investment, the groups expects the results for the six months to 31 August 2011 to be lower than the corresponding period last year in the following ranges:

Business Day highlighted that Pick n Pay extended its African footprint with a new store opening in Mauritius. As competition intensifies in SA, local retailers have looked offshore for growth. Pick n Pay head of group enterprises Dallas Langman said the company also plan to open stores in Malawi and Angola in the future. Mr Langman added that based on comprehensive research and assessment, Mauritius has one of the most successful and competitive economies in Africa, providing further impetus for investment into the country. The company added that it hoped to open two more stores in Mauritius next year.

30-Sep-2011(Official Notice)

Pick n Pay and Metcash completed the sale of Franklins to Metcash which was originally announced in July 2010. Metcash is now responsible for the management of the business. The completion of the sale follows the decision by the Federal Court of Australia to dismiss an application by the Australian competition regulator, the Australian Competition and Consumer Commission (ACCC), for an interim injunction to prevent completion of the sale before the ACCC's appeal could be heard and decided.

12-Sep-2011(Official Notice)

Pick n Pay welcomed the decision by Metcash Trading Ltd (Metcash) yesterday to notify the Australian Competition and Consumer Commission (ACCC) that following five clear business days it will consider itself free to agree with Pick n Pay to waive the condition requiring ACCC approval and to complete the acquisition of Franklins.

09-Sep-2011(Official Notice)

Pick n Pay responded with regret to the decision by the ACCC to appeal against the Federal Court's judgment dismissing the ACCC's application to prevent Metcash from acquiring the Franklins supermarket business.

25-Aug-2011(Official Notice)

Pick n Pay announced that it welcomed the decision by the Federal Court of Australia to dismiss an application by the Australian competition regulator, the Australian Competition and Consumer Commission (ACCC), seeking to prevent Metcash from acquiring Franklins from Pick n Pay. The hearing of the application followed commencement of proceedings by the ACCC in November 2010 opposing the transaction.

23-Aug-2011(Media Comment)

According to Business Report, Pick n Pay is South Africa's most engaging brand, according to a survey by marketing consultancy Yellowwood. Yellowwood said technology, new thinking and new ideas had changed the world of communications dramatically and brands were more interactive with their target audience.

15-Aug-2011(Official Notice)

Pick n Pay announced the appointment of a deputy chief executive officer who will serve as an executive director to the board of Pick n Pay, reporting to CEO Nick Badminton. Richard van Rensburg, who was elected a non-executive director in 2010, will become an executive member of the board for a three year period, effective 1 October 2011. He will be heading up the company's dedicated business transformation team and is charged with implementing the company's change programme.

29-Jul-2011(Official Notice)

Pick n Pay Retailers (Pty) Ltd and Metcash Trading Ltd have agreed to extend the cut off date in their agreement in relation to the acquisition of the issued shares in Interfrank Group Holdings Pty Ltd from 31 July 2011 to 30 September 2011. The two month extension has been agreed in light of the fact that the parties are still awaiting judgment in their Federal Court action in Australia with the ACCC.

24-Jun-2011(Media Comment)

Business Report noted that Pick n Pay has opened its first store in Mozambique in the capital, Maputo. The group plans to open two more outlets in the latter half of 2011, and is looking for other opportunities in the country so that it can grow in Southern Africa. Pick n Pay has operations in Zimbabwe, Botswana, Lesotho, Namibia, Mozambique and Zambia, and will also be opening new stores in Mauritius and Malawi.

13-Jun-2011(Official Notice)

Shareholders were advised that, at the annual general meeting of the company held in Cape Town on Friday, 10 June 2011, all the resolutions contained in the notice of the annual general meeting (dated 29 April 2011) were passed by the requisite majority of shareholders.

13-Jun-2011(Media Comment)

Business Day reported that Pick n Pay announced that it is confident of a positive outcome when the Australian Federal Court hands down judgement on the sale of Pick n Pay's Australian chain, Franklins, at the month-end. The Australian Competition and Consumer Commission began legal proceedings in the federal court last year to prevent the proposed sale of Franklins by Pick n Pay to Metcash. Pick n Pay agreed to extend the cut-off date in its deal on the disposal of the issued shares in Interfrank Group Holdings from Jun 30 to July 31, in expectation of the court's decision. This is the second time the two companies have had to extend the cut-off date for the R1.4 billion deal. Should it not be approved, Pick n pay may be forced to sell off pockets of stores to different buyers in a process that could take a long time and will not yield the R1.4 billion it said it would get from the Metcash sale.

10-Jun-2011(Official Notice)

Pick n Pay Retailers (Pty) Ltd and Metcash Trading Ltd have agreed to extend the cut off date in their agreement in relation to the acquisition of the issued shares in Interfrank Group Holdings Pty Ltd from 30 June 2011 to 31 July 2011. The one month extension has been agreed in light of the fact that the parties are still awaiting judgment in their Federal Court action in Australia with the ACCC.

03-Jun-2011(Official Notice)

03-Jun-2011(Official Notice)

16-May-2011(Media Comment)

According to The Sunday Times Business Times, Massmart Holdings Ltd was only Walmart's third choice, with the international retailer preferring to acquire Pick n Pay or Shoprite Holdings Ltd ("Shoprite"). Planet Retail global research director, Natalie Berg, said Pick n Pay would have been "much more complimentary" to Walmart. In addition, the UK's largest retailer, Tesco, has been rumoured to have held discussions with Shoprite and Pick n Pay executives. However, Pick n Pay spokesman, Tamra Veley, denied the group was in talks with Tesco. Nevertheless, Berg commented that "Pick n Pay is a match made in heaven for Tesco."

13-May-2011(Official Notice)

No change statement

Shareholders are advised that the Pick n Pay consolidated annual financial statements ("Integrated Annual Report") for the year ended 28 February 2011 will be posted to shareholders today. The Integrated Annual Report contains no modifications to the earnings reported in the reviewed condensed consolidated results published on 18 April 2011, however certain balance sheet reclassifications have been made. KPMG Inc. has now completed their audit of the Company and Group annual financial statements of Pick n Pay Stores Limited. Their unqualified audit report is presented in the Integrated Annual Report and is available for inspection at the registered office of the Company.

Notice of annual general meeting

The notice of the annual general meeting will be posted to shareholders today, included within the Integrated Annual Report. The annual general meeting of Pick n Pay will be held at 09h00 on Friday, 10 June 2011 in the conference center of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town (with video conferencing facilities available in the conference centre of our Johannesburg office at Pick n Pay Office Park, 2 Allum Road, Kensington) to transact business as stated in the notice of the annual general meeting.

09-May-2011(Official Notice)

Further to the announcement on 19 May 2010, Bakar Jakoet succeeded Dennis Cope as chief finance officer, and was appointed as a director of Pick n Pay, effective 29 April 2011.

20-Apr-2011(Official Notice)

Shareholders were advised that on 19 April 2011 the company received the results of its arbitration hearing on its right to terminate a labour flexibility and mobility agreement with the SACCAWU union. The arbitrator resolved that the company did have the right to terminate the agreement and that the notice period of such termination was not unreasonable. The company is in the process of analysing the judgement.

19-Apr-2011(Media Comment)

Business Day reported that Pick n Pay chairman Gareth Ackerman announced that the company would not change its dividend policy despite criticism from analysts who say the policy is stunting the retailer's growth. "When one has not had a great set of results, one should never look at changing the dividend policy; it sends out a bad message to investors. We are in a strong change phase. We believe we'll come back to strong cash flow generation" Ackerman commented. Pick n Pay's dividend policy decision could also depend on the outcome of a court case to prevent its proposed sale of Franklins in Australia to Metcash. The judgement is expected before June 30, the company said of the deal which could add R1.4 billion to its coffers.

18-Apr-2011(Official Notice)

Shareholders were advised that, following the voluntary announcement of the reviewed condensed consolidated results for the year ended 28 February 2011, released on SENS, the annual report for both Pick n Pay and Pikwik is expected to be posted on or about 17 May 2011.

Annual general meeting

The 43rd annual general meeting of shareholders of Pick n Pay will be held at Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708 on Friday, 10 June 2011 at 9h30.

18-Apr-2011(C)

Turnover for the year ended February 2011 increased by 5.9% to R51.9 billion (2010: R49.1 billion). Gross profit rose to R9.1 billion (2010: R8.8 billion), but trading profit fell by 13.5 % to R1.4 billion (2010: R1.6 billion), while profit for the year from continuing operations decreased to R908.3 million (2010: R1.3 billion). Furthermore, headline earnings per share from continuing operations weakened by 18.3% to 189.35cps (2010: 231.71cps).

Dividend

The directors declared a cash dividend of 105.50cps.

General comments

The group is disappointed in the result, but would like to give credit to the Pick n Pay team for achieving an enormous amount under trying conditions. As the group has communicated before, they are in the process of positioning Pick n Pay for the future, and strongly believe that their strategic initiatives will build a sound platform for future growth and continued success in the medium to long term.

31-Mar-2011(Official Notice)

Shareholders are advised that Pick n Pay and Pick n Pay Holdings Ltd ("Pikwik") are in the process of finalising their results for the year ended 28 February 2011, which are expected to be published on 18 April 2011. As previously reported, the group exited the operations of Score Supermarkets ("Score") in the previous financial year and is in the process of exiting from Franklins Australia ("Franklins"), both of which are now disclosed as discontinued operations. During the year ended 28 February 2010 (prior year reporting period) the group realised a capital profit on the sale of properties which is excluded from headline earnings and has a marked effect on the growth of earnings per share ("EPS") relative to headline earnings per share ("HEPS"). Trading conditions in the second half of the year were particularly tough due to:

* The adverse effect of a Pick n Pay national labour strike during our peak trading period and it's after effects;

* Cost inflation exceeding internal selling price inflation; and

* The group's continued investment in gross margin.

Given the disclosure of Score and Franklins as discontinued operations and the effect of the property profit last year we consider HEPS from continuing operations to be a more accurate indicator of the performance of the group. The group expects the results for year to 28 February 2011 to be lower than the corresponding period last year in the following decrease ranges:

* HEPS and diluted HEPS from continuing operations, between -10% and -25%.

* Total HEPS and total diluted HEPS (including Score and Franklins), between -15% and -30%.

* EPS and diluted EPS from continuing operations as well as total EPS and total diluted EPS, all of which include the prior year profit on the sale of properties, between -25% and -40%.

29-Mar-2011(Media Comment)

According to Business Day, the battle for a slice of the untapped African retail market continues to intensify as Pikwik announced the opening of a second store in Zambia. In a bid to catch up with competitors, Pikwik said it would extend its footprint in Africa still further and had spent USD3.5 million on its latest store in Ndola, 300km north of Lusaka. The company opened its first Zambian store in Lusaka in July 2010 and plans to open five more in the country over the next four years. Pikwik last year said it also planned to open stores in Mauritius, Malawi and Mozambique this year.

22-Mar-2011(Media Comment)

Business Day reported that Pick n Pay has raised R500 million to fund expansion as it looks to gain traction over rivals, and to also increase its African footprint. The 44-year-old grocer wants to open 40 more stores across all formats by its financial year-end to March, and aims to open stores in Mauritius, Malawi and Mozambique. There has been a geographical shift in the market as consumers shop closer to home, so the smaller shopping centres and standalone stores have done well. The funds were raised through the sale of three-month debt paper.

18-Mar-2011(Official Notice)

Pick n Pay nnounced that it has listed a domestic medium term note programme (the "DMTN programme") on the JSE and has successfully raised an initial R500 million under the DMTN programme. The notes issued mature in three months from the date of issue and bear interest at the 3 month Johannesburg Inter-bank acceptance Rate plus a margin of 0.24%. The DMTN Programme will enable Pick n Pay to access short and long term funding, diversify its funding sources, enhance its liquidity position and provide funding flexibility. The DMTN will be utilised to fund its capital expansion expenditure and working capital as required. A maximum aggregate amount that can be in issue under the programme is limited to R2 billion. Investec Bank Ltd is the Sole Arranger and Sponsor on the programme and joint Dealer with ABSA Capital.

Details of the notes are:

*Bond code -- PnP01

*Settlement date -- 18 March 2011

*Principal amount -- R500 million

*Maturity date -- 17 June 2011

*Listing -- JSE (Interest Rate Market)

*Fixed Interest rate -- 5.815%

*Issue spread -- 24 bps over 3 month Jibar

17-Mar-2011(Official Notice)

Pick n Pay has launched South Africa's first major grocery chain loyalty programme as part of its business strategy, enabling the retailer to build a stronger relationship with its customers in years to come. The total capital investment is some R140-million. Pick n Pay's new loyalty programme "Smart Shopper" is aligned to global best practice.

Over the past few years, Pick n Pay has invested significantly in global and local research. This shows that there are numerous of benefits of well-run loyalty programmes: significantly increased value to the customer; benefits of employing customer-centric retailing strategies across pricing, promotions and ranging; improved trade through very targeted marketing and responding directly to customers' needs; an increase in asset value from taking more customer- centric informed business decisions regarding site acquisition; store re-fits and format planning; roll-out of new services and ranges; and successful joint ventures with suppliers.

Pick n Pay has launched a number of key strategies over the past three years, including creating a more streamlined supply chain. The efficiencies and successes achieved in its major R628 million distribution centre in Longmeadow, Gauteng, will be followed by the rapid rollout of four distribution centres around the country within the next three years. In addition, the rollout of the retailing solution, SAP, meets all of Pick n Pay's requirements for comprehensive information.

Pick n Pay is partnering in the launch of 'Smart Shopper' with six key suppliers: Coca-Cola, Kimberley-Clark, Nestle, Tiger, Unilever and Vodacom. Participation will be extended to other national suppliers after the launch. Pick n Pay's strategic implementation partner is international CRM consultancy 5one, part of the LaSer Group. 5one has a proven international track record in delivering sales and margin improvements through the design and implementation of customer-centric business and trading strategies.

Importantly, and in keeping with Pick n Pay's sustainability focus, when switching their points, customers will soon be able to elect to donate to a charity or environmental cause instead.

23-Feb-2011(Official Notice)

In compliance with the JSE Listing Requirements, the following information is disclosed:

Director : Suzanne Ackerman-Berman

Company : Pick n Pay Stores Limited

Date of transaction : 18 February 2011

Nature of transaction: On market sale of shares, proceeds of which have been reinvested in Pick n Pay Holdings Limited

Number of securities sold : 121,449

Class of security : Ordinary

Average selling price per share : R46.11

Total value of shares sold : R5,599,673.33

Highest selling price per share : R46.24

Lowest selling price per share : R46.00

Nature of interest : Indirect beneficial

Clearance obtained : Yes

Director : Suzanne Ackerman-Berman

Company : Pick n Pay Stores Limited

Date of transaction : 22 February 2011

Nature of transaction: On market sale of shares, proceeds of which have been reinvested in Pick n Pay Holdings Limited

Number of securities sold : 46,000

Class of security : Ordinary

Average selling price per share : R46.47

Total value of shares sold : R2,137,656.80

Highest selling price per share : R46.65

Lowest selling price per share : R46.30

Nature of interest : Indirect beneficial

Clearance obtained : Yes

Sponsor: Investec Bank Limited

23-Feb-2011(Official Notice)

In compliance with the JSE Listing Requirements, the following information is disclosed:

Director : Jonathan Ackerman

Company : Pick n Pay Stores Limited

Date of transaction : 18 February 2011

Nature of transaction : On market sale of shares, proceeds of which have been reinvested in Pick n Pay Holdings Limited

Number of securities sold : 310 000

Class of security : Ordinary

Average selling price per share : R46.15

Total value of shares sold : R14,305,229.00

Highest selling price per share : R46.30

Lowest selling price per share : R45.99

Nature of interest : Indirect beneficial

Clearance obtained : Yes

Director : Jonathan Ackerman

Company : Pick n Pay Stores Limited

Date of transaction : 21 February 2011

Nature of transaction : On market sale of shares, proceeds of which have been reinvested in Pick n Pay Holdings Limited

Number of securities sold : 138 962

Class of security : Ordinary

Average selling price per share : R46.32

Total value of shares sold : R6,442,806.38

Highest selling price per share : R46.55

Lowest selling price per share : R46.20

Nature of interest : Indirect beneficial

Clearance obtained : Yes

Sponsor: Investec Bank Limited

15-Feb-2011(Official Notice)

Pick n Pay announced the following director's dealings in securities:

* Director : Jonathan Ackerman

* Company : Pick n Pay Stores Ltd

* Date of transaction : 11 February 2011

* Nature of transaction : Purchase of shares pursuant to the take up of share options (off market)

* Number of securities exercised : 12 883

* Class of security : Ordinary

* Exercise price per share : R20.70

* Value of transaction : R266 678.10

* Nature of interest : Indirect beneficial

20 Dec 2010 11:15:07(Official Notice)

Mrs Connie Nkosi is resigning, with effect from 31 December 2010, as a non- executive director of Pick n Pay Stores Ltd, as well as from the Ackerman Pick n Pay Foundation and the Pick n Pay Employees Share Trust.

08 Dec 2010 12:12:06(Official Notice)

Pick n Pay confirmed that the Australian Competition and Consumer Commission ("ACCC") commenced legal proceedings in the Federal Court to prevent the proposed sale of Franklins by Pick n Pay to Metcash Trading Ltd ("Metcash"). The statement of claim sets out the key elements of the ACCC's case. The ACCC has agreed to an expedited hearing of the case. A timetable for the necessary preparatory steps leading up to the hearing will be established by the Court at a directions hearing on 10 December 2010.

On 1 July 2010, Franklins' parent company, Pick n Pay, announced that it had decided to sell Franklins to Metcash. The ACCC conducted a review of the sale and on 17 November 2010 announced that it opposed the transaction. Pick n Pay and Metcash announced on 23 November that they were taking further steps to proceed with the transaction. This resulted in the commencement of legal proceedings by the ACCC to prevent the sale going ahead. As part of an agreement with the ACCC to seek an expedited final hearing of the matter, Metcash has undertaken not to proceed with the sale pending the outcome of the court process.

29 Nov 2010 11:13:31(Official Notice)

Pick n Pay welcomed the decision by the Australian Competition regulator, the Australian Competition and Consumer Commission ("ACCC"), to agree to an expedited hearing of the proposed sale of Franklins to Metcash. The ACCC has agreed to lodge its case with the Federal Court by 8 December 2010 and to seek an expedited hearing of the case early next year. This has been confirmed in public statements by ACCC chairman Graeme Samuel. Pick n Pay welcomes the decision to seek an expedited hearing and is confident in the merits of its legal arguments. Pick n Pay believes the court is the best forum for these arguments to be duly considered.

24 Nov 2010 09:19:44(Media Comment)

Business Day highlighted that Pick n Pay is hoping to receive a cheque in five days time for its Franklins portfolio after the supermarket and would be purchaser Metcash, said they would push ahead with the transaction despite as Australian regulator blocking the deal last week. Sydney- based Metcash indicated that it will proceed with the purchase of the 80 corporate and eight franchised stores after a five day notice period, in a move that effectively dares the Australian Competition and Consumer Commission to resort to legal action to halt the sale.

The commission has run into criticism from Australian commentators for halting Pick n Pay's planned sale to Metcash. The senate voted to hold an inquiry into the commission's decision to block the sale, after senators from the predominately rural- constituency National Party argued for the sale to go ahead, adding it would strengthen independent supermarkets.

23 Nov 2010 10:57:23(Media Comment)

The Financial Mail reported that Pick n Pay CEO Nick Badminton is determined to reduce the group's cost base and improve its competitiveness. Pick n Pay's labour costs at 58% of overheads and 9.3% of revenue are higher than its competitors. However, after nine months of negotiations and two weeks of strikes, Pick n Pay and the labour unions reached a settlement on wages and conditions of employment, valid for three years, which should reduce the company's disadvantage versus its biggest competitor, Shoprite. The group has worked hard to regain ground lost to competitors during the consumer boom. The next step for Pick n Pay is to improve its labour productivity.

23 Nov 2010 08:18:06(Official Notice)

Pick n Pay and Metcash Trading Ltd ("Metcash') have agreed to extend the cut-off date in their agreement in relation to the sale to Metcash of Franklins to 30 June 2011. Metcash has notified the ACCC that, in not fewer than five business days from 23 November, it intends to take further steps to proceed with the proposed transaction. The ACCC commenced a review of the proposed sale following the announcement on 1 July 2010 by Franklins' parent company, Pick n Pay of South Africa, that it had decided to sell Franklins to Metcash for USD215 million. On 17 November 2010 the ACCC announced that it would oppose the proposed sale.

17 Nov 2010 11:00:32(Official Notice)

Pick n Pay today responded to the decision by the Australian Competition and Consumer Commission ("ACCC") that it will oppose the proposed sale of Franklins to Metcash Trading Ltd. The ACCC commenced a review of the proposed sale following the announcement on 1 July 2010 by Pick n Pay Stores Limited ("Pick n Pay") of South Africa that it had decided to sell Franklins to Metcash Trading Limited for USD215 million. For more information please contact Tamra Veley on +27 83 251 3658

15 Nov 2010 12:40:25(Official Notice)

Pick n Pay announced a major structural change to the executive management of the group. According to CEO Nick Badminton, the changes were required in order to streamline the company's operations with a firm focus on customer sovereignty, efficiency and area specialisation. The current exco, retail management board and group enterprises board are being consolidated into a group executive that will be responsible for the marketing and sustainability, buying, operations, supply chain/IS, franchise, group enterprises, finance, HR, transformation and customer portfolios.

Badminton confirmed further changes as part of the announcement. A specialised category-based buying function will be implemented to ensure that each element of the offer is developed with deep understanding of customer needs. Marketing will assume a more strategic responsibility for developing offer guidelines in addition to its traditional advertising and public relations work. An integrated supply chain team will be established to implement the national supply chain strategy and ensure efficient flow of product to stores. All of these changes will help to support the stores in delivering exceptional customer service.

09 Nov 2010 08:58:55(Media Comment)

Business Day reported that Pick n Pay has stepped up its growth into the wider African market with the announcement that it plans to open four stores in Mozambique next year. One of SA's largest supermarket chain's move eastwards comes after reaching a master franchise agreement with Mozambican company Retail Masters. The four stores will all be in the Maputo region. The announcement, hardly a week after Pick n Pay announced it will increase its investment in Zimbabwean chain TM Supermarkets to 49% from 25%, is part of an expansion that will see it establish a foothold in Mauritius, Malawi and Angola.

08 Nov 2010 09:16:48(Official Notice)

Pick n Pay announced that it had signed a franchise territorial agreement with retail franchising group Retail Masters in Mozambique to further extend its African footprint. Opening in Maputo, the first Mozambican store will be approximately 3 000m2 in size. Pick n Pay envisages opening a further three stores before the end of 2011. The first four stores will open in the greater Maputo district.

Pick n Pay's expansion into Mozambique follows its first store opening in Zambia in July. The group also recently announced the purchase of a further 24% of Zimbabwean operation TM Supermarkets, increasing its shareholding to 49%. Pick n Pay's strategy into Africa has mainly been through partnering with locals and the franchise route, where local experts own the franchise in their own communities. However, there are instances such as with its first store in Zambia, where the company will develop corporate-owned stores. Throughout Africa, Pick n Pay currently operates one store in Zambia (four due to open in 2011), seventeen stores in Namibia, twelve in Botswana, seven in Swaziland and one in Lesotho, together with its fifty-one-store network with TM in Zimbabwe.

03 Nov 2010 09:01:24(Media Comment)

Business report highlighted that Pick n Pay has increased its stake in TM Supermarkets to 49 percent, an investment that will enable the Zimbabwean supermarket chain to refurbish stores and Pick n Pay to bolster its African expansion strategy. Nick Badminton, the chief executive of Pick n Pay said Meikles and Pick n Pay had entered into a shareholder's agreement to drive the initiative. Certain stores would be re-branded as Pick n Pay to provide a retail experience similar to that in South Africa. Pick n Pay indicated that its African strategy had mainly been through partnering with locals and through franchising, with local residents owning the franchise. Direct investment was considered on a case by case basis, such as in Zambia.

02 Nov 2010 08:17:30(Official Notice)

Pick n Pay confirmed that it had purchased another 24% of Zimbabwe operation TM Supermarkets, where it already has a 25% share, bringing its total shareholding to 49%. The transaction remains conditional on the approval of the relevant Zimbabwe regulatory authorities and the South African Reserve Bank. The transaction is expected to close by the end of March 2011. The TM chain is the largest chain of retail stores in Zimbabwe, by number of stores, with 51 retail outlets. Further into Africa, Pick n Pay currently operates 17 stores in Namibia, 12 in Botswana, 7 in Swaziland and 1 in Lesotho, together with the first Zambian store which opened in July. Pick n Pay's strategy into Africa has mainly been through partnering with locals and the franchise route, where local experts own the franchise in their own communities. Direct investment is considered on a case by case basis and the corporate store opened in Zambia is an example of this. This investment in TM will inject new capital into the business, and allow for much needed refurbishment, including new fittings, generators and point of sale equipment. Specifications, that were under review by the Zimbabwe government, have now been lifted and the relisting of Meikles, the remaining shareholder, was implemented in March 2010 on the Zimbabwe Stock Exchange. "Pick n Pay first made the investment in TM in 1996. TM has done an extremely good job in this business during very difficult times, facing and enduring severe economic deprivation, hyperinflation, currency collapse and an erratic merchandise availability.

01 Nov 2010 14:49:08(Media Comment)

According to Finweek, technology and distribution might help Pick n Pay catch up with its competitors. Absa Asset Management's Chris Gilmour commented that "in the eighties and nineties, Pick n Pay was way ahead of the pack. But it let its position slip and is now making a comeback via SAP." Pick n Pay has completed the implementation of SAP, resulting in a fully integrated system throughout the group, with improved in-store disciplines, more efficient processes and real time information for performance measurement. On the distribution side, which Pick n Pay is trying to centralise, Gilmour said having your suppliers deliver directly to you is much cheaper. Pick n Pay's new distribution centres should help the retailer reach its goal of raising its trading margin from 2.9% in 2009/2010 to 5%.

28 Oct 2010 08:27:48(Official Notice)

Pick n Pay announced that after nearly ten years as marketing director, Jonathan Ackerman would move to a newly created position of customer director. This new position would enable even greater focus on the founding principle of Pick n Pay, being consumer sovereignty - addressing all issues pertaining to customer service and customer needs.

25 Oct 2010 10:35:57(Official Notice)

Pick n Pay has announced the appointment of two independent non-executive directors to the board of Pick n Pay. Lorato Phalatse and Alex Mathole will be joining the board effective 1 November 2010.

25 Oct 2010 09:22:24(Media Comment)

According to Business Day, Pick n Pay chairman Gareth Ackerman will this week fly to Australia to lobby antitrust regulators over the planned sale of its Franklins supermarket chain to Australian-listed wholesaler and retailer Metcash.

21 Oct 2010 08:55:11(Media Comment)

Pick n Pay has opened a new Hurlingham store in northern Johannesburg. The new flagship store targets wealthy customers, with additions such a fish counter, a wine cellar and an in-house cafe. It is the first of 15 new supermarkets that the company plan to open by the end of the financial year in February. RMB Morgan Stanley's Danie Pretorius highlighted that Pick n Pay have an opportunity to expand their footprint at the lower end of the market and possibly into some rural territories. The company is also looking to expand its African operations. It has opened its first store in Zambia, and plans four more stores in Mauritius, Malawi, Mozambique, and Zambia in the next year. A three-year strategic map is on the cards that the company will report in April, which will also include capital raising plans.

20 Oct 2010 09:21:06(C)

Group turnover was recorded at R25.2 billion(R23.8 billion), a 6% increase from last year. Gross profit increased to R4.5 billion (R4.3 billion). However, profit for the period declined to R354.3 million (R586.5 million). In addition, headline earnings per share from continuing operations was down at 90.17cps (97.20cps).

Dividend

An interim dividend of 37cps has been declared for this period.

Prospects

The group expects trading conditions in the second half of the year to remain difficult, as the after effects of the recession continue to be felt. The focus on the group's strategy will ensure that Pick n Pay continues to be a strong and formidable player in the retail industry. The group has already made great strides in transforming Pick n Pay, and with its strong and energetic management team, it remains optimistic for the future.

11 Oct 2010 11:00:20(Official Notice)

Pick n Pay provided an update on the proposed sale of its Franklins business to Metcash Trading Ltd. This included its strategy to effect the timely exit of the Australian business in the event the deal previously announced is not approved by the Australian Competition and Consumer Commission (ACCC). The alternative exit strategy is the sale of the Franklins stores and other strategic assets individually or in groups via a tender process. However, the company said it would continue to work closely with the ACCC to secure approval of the proposed sale to Metcash as its preferred option, and was confident in its arguments to persuade the ACCC to approve it.

On 22 September 2010 the ACCC released its Statement of Issues as part of its review of the proposed sale of Franklins to Metcash. Given the concerns raised in the ACCC's Statement of Issues and the fact that Pick n Pay has received no other offers for the business since the strategic review was announced in April this year, Pick n Pay considered it appropriate to initiate the alternative exit strategy. The ACCC is expected to make its final decision on or before 11 November 2010. Pick n Pay expects to receive initial offers for the stores and brands by 26 October 2010. In conjunction with its advisors, Pick n Pay will then assess and progress offers received for stores and brands so that it can move to complete the alternative exit strategy in a timely fashion, should the proposed sale of the Franklins business to Metcash not proceed.

29 Sep 2010 11:35:20(Official Notice)

Shareholders were advised that Pick n Pay Holdings Ltd and Pick n Pay are in the process of finalising their results for the 6 months ended 31 August 2010, which are expected to be published on 20 October 2010. As previously reported, the group exited the operations of Score Supermarkets ("Score") in the previous financial year and is in the process of selling its interest in Franklins Australia ("Franklins") both of which are now disclosed as discontinued operations. During the six months ended 31 August 2009 (prior year reporting period) the group realised a capital profit on the sale of properties which is excluded from headline earnings and has a marked effect on the growth of earnings per share ("EPS") relative to headline earnings per share ("HEPS"). Trading conditions continue to be tough, dominated by highly competitive and low inflation environments.

Given the disclosure of Score and Franklins as discontinued operations and the effect of the property profit last year we consider HEPS from continuing operations to be a more accurate indicator of the performance of the Group. We expect the results for the six months to 31 August 2010 to be lower than the corresponding period last year in the following decrease ranges:

*HEPS and diluted HEPS from continuing operations, between 0% and -15%.

*Total HEPS and total diluted HEPS, between -10% and -25%. The reason for this decrease being higher than continuing operations above is that the Franklins result includes provisions for employee termination costs following the sale of Franklins.

*EPS and diluted EPS from continuing operations as well as total EPS and total diluted EPS, all of which include the prior year profit on the sale of properties, between -30% and -50%.

23 Sep 2010 10:05:43(Official Notice)

Pick n Pay Stores Ltd announced on 1 July 2010 that it had sold its Australian retail operation, Franklins, to Metcash Trading Ltd for AUD215 million, subject to informal clearance from the Australian Competition and Consumer Commission ("ACCC") and other consents. The ACCC released a statement of issues seeking further information on certain competition issues which have arisen from its market enquiries to date. Pick n Pay has already provided a submission to the ACCC in relation to this transaction and will now carefully review the statement of issues and provide further information to the ACCC by the 15 October 2010 time frame stipulated by the ACCC. The indicative date for the ACCC's final decision has been deferred until 11 November 2010. Consequently, the date for the satisfaction of all conditions for the transaction has now been extended to 30 November 2010. Further announcements will be made as appropriate.

13 Sep 2010 09:40:49(Media Comment)

According to Business Day, Pick n Pay Stores, SA's second largest food retailer, may increase its stake in Zimbabwe's TM Supermarkets to 49% from 25% as the country's economy rebounds from a decade-long recession. "There are negotiations under way," TM company secretary Andrew lane Mitchell said. TM Supermarkets, majority owned by Meikles Africa, is Zimbabwe's biggest supermarket retailer, with 50 outlets across the country. The company controls about 25% of the food and grocery market, according to its website. "No final agreement has been reached as yet," Pick n Pay spokesman Tamra said from Johannesburg.

28 Jul 2010 13:56:58(Official Notice)

In compliance with the JSE Listing Requirements, the following information is disclosed:

*Director : David Robins

*Company : Pick n Pay Stores Limited

*Date of transaction : 27 July 2010

*Nature of transactions : On market sale of shares

*Number of securities sold : 43 000

*Class of security : Ordinary

*Average selling price per share : R46.82

*Total value of shares sold : R2 013 591.10

*Highest selling price per share : R47.07

*Lowest selling price per share : R46.00

*Nature of interest : Direct beneficial

*Clearance obtained : Yes

21 Jul 2010 09:18:50(Media Comment)

According to Business Report, Pick n Pay will invest R628 million in its supply chain and distribution system in an effort to match competitors. Pick n Pay launched its first major distribution centre in Longmeadow, Gauteng. The new centre's efficiencies will enable the rapid rollout of four more distribution centres around the country.

16 Jul 2010 16:22:47(Official Notice)

In compliance with the JSE Listing Requirements, the following information is disclosed:

Director : Dennis Cope

Company : Pick n Pay Stores Limited

Date of transaction : 13 July 2010

Nature of transactions ; On market sale of shares

Number of securities sold : 24 881

Class of security : Ordinary

Average selling price per share : R44.00

Total value of shares sold : R1 094 764

Highest selling price per share : R44.00

Lowest selling price per share : R44.00

Nature of interest : Indirect beneficial

Clearance obtained : Yes

Director : Dennis Cope

Company : Pick n Pay Stores Limited

Date of transaction : 14 July 2010

Nature of transactions ; On market sale of shares

Number of securities sold : 60 953

Class of security : Ordinary

Average selling price per share : R43.81

Total value of shares sold : R2 670 547.20

Highest selling price per share : R44.00

Lowest selling price per share : R43.74

Nature of interest : Indirect beneficial

Clearance obtained : Yes

Director : Dennis Cope

Company : Pick n Pay Stores Limited

Date of transaction : 15 July 2010

Nature of transactions ; On market sale of shares

Number of securities sold : 113 348

Class of security : Ordinary

Average selling price per share : R43.94

Total value of shares sold : R4 981 022.22

Highest selling price per share : R44.20

Lowest selling price per share : R43.70

Nature of interest : Indirect beneficial

Clearance obtained : Yes

16 Jul 2010 08:17:27(Official Notice)

The following director engaged in a share transaction:

*Director -- Dennis Cope

*Company -- Pick n Pay Stores Limited

*Date of transaction -- 13-15 July 2010

*Nature of transactions -- on market sale of shares

*Number of securities sold -- 199 182

*Class of security -- ordinary

*Average selling price per share -- R43.91

*Total value of shares sold -- R8 746 333.42

*Highest selling price per share -- R44.20

*Lowest selling price per share -- R43.70

*Nature of interest -- indirect beneficial

*Clearance obtained -- Yes

14 Jul 2010 17:12:49(Official Notice)

In compliance with the JSE Listing Requirements, the following information is disclosed:

*Director : Nicholas Badminton

*Company : Pick n Pay Stores Limited

*Date of transaction : 12 July 2010

*Nature of transactions : On market sale of shares, predominantly to fund tax owing on share options exercised on 13 June 2010.

*Number of securities sold : 138 562

*Class of security : Ordinary

*Average selling price per share : R43.70

*Total value of shares sold : R6 055 491.95

*Highest selling price per share : R43.80

*Lowest selling price per share : R43.50

*Nature of interest : Direct beneficial

*Clearance obtained : Yes

*Director : Suzanne Ackerman-Berman

*Company : Pick n Pay Stores Limited

*Date of transaction : 12 July 2010

*Nature of transactions : On market sale of shares, predominantly to fund tax owing on share options exercised on 3 June 2010 and 13 June 2010.

*Number of securities sold : 48 031

*Class of security : Ordinary

*Average selling price per share : R43.53

*Total value of shares sold : R2 090 899.90

*Highest selling price per share : R43.61

*Lowest selling price per share : R43.50

*Nature of interest : Direct beneficial

*Clearance obtained : Yes

05 Jul 2010 10:37:13(Media Comment)

The Sunday Times Business Times quoted analysts as saying that Pick n Pay should use the AUD215 million it receives from selling its struggling Australian business, Franklins, to compete more effectively in South Africa and expand its footprint in the region. Pick n Pay also seems to be in agreement with analysts, with financial director Dennis Cope, saying that the group will be expanding into Mozambique, Mauritius, and Angola, and would like to increase its 25% stake in Zimbabwe's TM Supermarkets.

01 Jul 2010 08:02:04(Official Notice)

On 1 July 2010, Pick n Pay Stores Ltd's subsidiary company Pick n Pay Retailers (Pty) Ltd ("Pick n Pay") signed an agreement for the sale of its Australian subsidiary, Franklins, to Metcash Trading Limited ("Metcash"), a company registered in Australia. Pick n Pay entered the Australian market via the acquisition of Franklins and Fresco stores in 2001. The decision to sell Franklins followed a strategic review which commenced several months ago.

This review confirmed the excellent progress made by Franklins' management team and staff in transforming the business. However, the Board felt that the Franklins business had not yet achieved critical mass and the decision was made to find an investment partner or purchaser for the business. The unsolicited offer from Metcash at a compelling price, which reflects the greater strategic value of Franklins to Metcash than under Pick n Pay's ownership, was then received and accepted. Franklins operates 77 corporate retail supermarkets in New South Wales, Australia, that sell food and general merchandise. They also supply 8 independent franchisees trading as Franklins Family supermarkets.

Completion of the transaction is expected to occur by 30 September 2010, at which time Pick n Pay will sell 100% of the issued share capital to Metcash for AUD215 million (approximately R1.4 billion), subject to Metcash obtaining informal clearance from the Australian Competition and Consumer Commission (ACCC) and usual landlord consents. The proceeds of the sale will be utilised by Pick n Pay for various strategic business enhancement initiatives in southern Africa. As part of the transaction it is mutually agreed by Franklins and Metcash that they will withdraw all current litigation against each other.

21 Jun 2010 16:08:42(Official Notice)

On Friday, 18 June 2010 the board of directors appointed Debra (Debbie) Muller as company secretary to replace Gary Lea, following his appointment as finance director of the Pick n Pay Retail Division.

21 Jun 2010 08:35:25(Official Notice)

Shareholders were advised that, at the annual general meeting of the company held in Cape Town on Friday, 18 June 2010, all the resolutions contained in the notice of the annual general meeting (dated 10 May 2010) were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the Companies and Intellectual Property Registration Office in due course.

17 Jun 2010 17:38:17(Official Notice)

The following director dealings in securities took place:

* Director : Nicholas Badminton

* Company : Pick n Pay Stores Ltd

* Date of transaction : 15 June 2010

* Nature of transaction : Off market receipt of shares equal in value to the gain on 500 000 share options granted on 13 June 2005 and exercised on 13 June 2010.

* Number of securities transferred : 240 154

* Class of security : Ordinary

* Grant price of options : R22.30

* Exercise price per share : R42.91

* Total value of shares received : R10 305 000

* Nature of interest : Direct beneficial

* Director : Dennis Cope

* Company : Pick n Pay Stores Ltd

* Date of transaction : 15 June 2010

* Nature of transaction : Off market receipt of shares equal in value to the gain on 250 000 share options granted on 13 June 2005 and exercised on 13 June 2010.

* Number of securities transferred : 120 077

* Class of security : Ordinary

* Grant price of options : R22.30

* Exercise price per share : R42.91

* Total value of shares received : R5 152 500

* Nature of interest : Indirect beneficial

* Director : Suzanne Ackerman-Berman

* Company : Pick n Pay Stores Ltd

* Date of transaction : 15 June 2010

* Nature of transaction : Off market receipt of shares equal in value to the gain on 100 000 share options granted on 13 June 2005 and exercised on 13 June 2010.

* Number of securities transferred : 48 031

* Class of security : Ordinary

* Grant price of options : R22.30

* Exercise price per share : R42.91

* Total value of shares received : R2 061 000

* Nature of interest : Direct beneficial

* Company Secretary : Gary Lea

* Company : Pick n Pay Stores Ltd

* Date of transaction : 15 June 2010

* Nature of transaction : Off market receipt of shares equal in value to the gain on 75 000 share options granted on 13 June 2005 and exercised on 13 June 2010.

* Number of securities transferred : 36 024

* Class of security : Ordinary

* Grant price of options : R22.30

* Exercise price per share : R42.91

* Total value of shares received : R1 545 750

* Nature of interest : Direct beneficial

04 Jun 2010 14:55:57(Official Notice)

The following information was disclosed concerning director dealings by Suzanne Ackerman-Berman:

* Date of transaction : 3 June 2010

* Nature of transaction : Purchase of shares pursuant to the take up of share options (off market)

* Number of securities exercised : 145 430

* Class of security : Ordinary

* Average exercise price per share : R27.23

* Total value of transaction : R3 959 503.60

* Nature of interest : Indirect beneficial

25 May 2010 12:09:46(Official Notice)

Shareholders are advised that the Pick n Pay consolidated annual financial statements (annual report) for the year ended 28 February 2010 will be posted to shareholders on Tuesday, 25 May 2010, and contain no modifications to the reviewed condensed consolidated results ("results") published on 21 April 2010. The notice of the annual general meeting will be posted to shareholders on 25 May 2010, included with the annual report. The annual general meeting of Pick n Pay will be held at 09h30 on Friday, 18 June 2010 in the conference center of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting.

19 May 2010 11:11:23(Official Notice)

Pick n Pay announced that chief finance controller Bakar Jakoet had been appointed CFO-designate to take over from Dennis Cope when he retires at the end of April 2011, at which time Bakar will be appointed to the board of Pick n Pay Stores Ltd. At the same time, the company also announced that current company secretary Gary Lea has been appointed retail finance director on the Pick n Pay retail management board.

21 Apr 2010 15:49:15(Official Notice)

Pick n Pay re-released their results announcement for 28 February 2010 that was released in the morning of 21 April 2009 because certain date headings were transposed in the reviewed operating segment report. There are no other reported errors.

A final dividend of 134.75cps was declared for the period under review.

Prospects

The competition commission investigation into food pricing is ongoing and the group continued to give the process the full co-operation. The group expects trading for the first six months of the 2011 financial year to remain difficult. However, the group is confident that the group will start to reap the benefits of the strategic initiatives by: expanding the store footprint, continuing to improve the shopping experience of the group's customers, driving operating efficiencies through supply chain, SAP and operating cost reductions. All of these initiatives position the group well to benefit from the anticipated upturn in the economy.

25 Feb 2010 16:03:27(Official Notice)

On 25 February 2010 the JSE Ltd approved the delisting of 25 736 561 ordinary shares in the capital of the company, following the repurchase and cancellation of these shares. This represents 5.08% of the company's issued share capital, immediately prior to the cancellation. The cancellation of these shares has no financial impact on the headline earnings (diluted and undiluted) and earnings (diluted and undiluted) of the Pick n Pay Stores Ltd. Following the cancellation the company has 480 397 321 ordinary shares in issue of 1.25 cents each.

14 Jan 2010 08:59:47(Media Comment)

Pick n Pay's strategy with regard to the black consumer market may be paying off, according to the Financial Mail. The company's decision to close down its loss-making Score brand is leading to good results. Pick n Pay says it now has 50% of the Soweto market, up from around 5% in October 2007. The retailer's new tagline "Inspired by You" may also have helped.

28 Oct 2009 08:45:58(Official Notice)

Nielsens have subsequently backed up the figures Pick n Pay presented at its half year end results last week, which show that Pick n Pay had increased its market share over the 12 month period (August 08 to August 09) by 0.4%. The numbers quoted by Nielsen then substantiate the fact that Pick n Pay is indeed South Africa's largest supermarket chain, and by a considerable margin. The numbers quoted by Pick n Pay at the analyst's presentation were as follows, which includes Boxer and excludes Score for PnP and includes OK Foods and Usave for Shoprite/Checkers - annual ending August 09:

* PnP Group 12mm Aug 08 33.5% and 12mm Aug 09 - 33.9%

* 12mm Aug 09 Shoprite 29%

If Score had to be included into the PnP group total the market share would have been 34.6% for the same twelve month period.

22 Oct 2009 10:24:25(Media Comment)

Pick 'n Pay's chief executive Nick Badminton raised concerns about pending electricity hikes during yesterday's presentation of the group's results for the six months to August, warning that higher electricity costs did not bode well for business. Electricity costs grew from 3.1% of expenses for the six months to August last year to 3.8% for the same period.

21 Oct 2009 09:11:45(Official Notice)

Pick n Pay chairman Raymond Ackerman announced that he would be retiring the chairmanship of the company effective 1 March 2010. Pick n Pay Holdings Ltd (Pikwik) chairman Gareth Ackerman has been confirmed by the board as the new non-executive chairman of Pick n Pay. The position has been changed to a non-executive one in line with corporate governance recommendations.

Jonathan Ackerman and Suzanne Ackerman-Berman, currently alternate directors on the Pick n Pay board, will become full time directors, replacing Raymond and Wendy Ackerman. Gareth Ackerman will vacate the chairmanship of Pikwik and Raymond Ackerman will be interim chairman of Pikwik. Jonathan Ackerman, Suzanne Ackerman-Berman and David Robins will become alternate directors on the Pikwik board to Raymond Ackerman, Wendy Ackerman and Gareth Ackerman respectively. With immediate effect, Hugh Herman has also been appointed as lead non-executive independent director of Pick n Pay.

The Competition Commission investigation into food pricing is ongoing and Pick n Pay continues to give the process our full co-operation. Notwithstanding the worst recession in decades, Pick n Pay has still delivered headline earnings growth and has not been distracted from introducing the strategic imperatives and changes to the business that were required. The company has seen substantive change and investment in the business over the last three years and the period ahead will see even more. While many of these improvements have already begun to reap benefits (eg Score conversions, private label, fresh foods, SAP) others such as supply chain will deliver their full potential in the longer term.

24 Aug 2009 13:48:54(Media Comment)

Pick 'n Pay's franchising strategy could prove to be a winning formula for the food retailer in it's effort to penetrate mass markets, particularly the Soweto market where it's competitor, Shoprite, has been operating since 2000. Traditionally one would only find a Pick 'n Pay store in the high income areas but today the company boasts a handful of supermarkets in the townships. It has converted 32 of it's under performing Score stores into Pick 'n Pay family stores, some in Soweto and other lower-end market areas. That is definite competition for Shoprite, which caters for the lower end of the market.

29 Jun 2009 14:26:26(Official Notice)

Pick n Pay Stores is pleased to announce the appointment of Richard van Rensburg as an independent non-executive director and Suzanne Ackerman-Berman and Jonathan Ackerman as alternate directors of the company.

Richard is a UCT graduate and qualified as a Chartered Accountant in 1985. After graduating, Richard Joined Ernst and Young where he became a partner in 1988. In 1992 Richard joined the Massmart group as IT Director, after which he was appointed as CFO of Massmart Holdings and thereafter managing director of Masstores (Pty) Ltd. He has also been a board member of Massmart, Woolworths and the Wooltru Group. In 1996 Richard founded an Information Technology Services Company called Affinity Logic (supplying and servicing retail focused businesses) which grew to 350 people with a turnover of R250 million per annum. In 1998 Datatec purchased 50% of the company and in 2003 Affinity Logic was merged with UCS Solutions, a listed IT services provider. Richard retired from the company but maintained a vested interest in the merged group which is now the dominant player in its market in South Africa. Since retiring from the Affinity Logic business, Richard has became involved in YPO culminating with his appointment to the International Board in 2006 and elected as International Chairman for the year 2008/9. Richard also runs his own private investment company. As part of his duties as an independent non-executive director, Richard will also be appointed as a member of the Group Audit, Risk and Compliance Committee.

All three of the abovementioned appointments are effective 30 June 2009.

22 Jun 2009 09:05:17(Media Comment)

Business Day reported that Pick n Pay expects full-year revenue growth to be higher than South Africa's inflation rate. Pick n Pay Holdings Ltd chairman, Gareth Ackerman, said the group expects sales to "rise about 5% to 6% in 2009".

17 Jun 2009 08:45:33(Media Comment)

Pick n Pay chairman Raymond Ackerman was quoted in Business Report as saying that he was sick and tired of the criticism levelled against supermarkets by the National Agricultural Marketing Council ("NAMC"). In defence, Ackerman gave pointed to Pick n Pay's shrinking profit margins to prove that the company was not involved in any collusion to push up prices. Ackerman also believes that the economy is beginning to turn.

04 Jun 2009 10:05:00(Official Notice)

The following information is disclosed:

*Company director: Dennis Cope

*Number of shares: 40 625

*Price per share: R16.00

*Date of transaction: 2 June 2009

*Class of shares: Ordinary

*Nature of transaction: Take-up and purchase of shares pursuant to the exercise of share options

*Nature of interest: Direct beneficial

*Approval: Approval obtained from executive director

*Company director: David Robins

*Number of shares: 117 108

*Price per share: R18.14

*Date of transaction: 2 June 2009

*Class of shares: Ordinary

*Nature of transaction: Take-up and purchase of shares pursuant to the exercise of share options

*Nature of interest: Direct beneficial

*Approval: Approval obtained from executive director

21 May 2009 10:18:00(Official Notice)

Shareholders are advised that the Pick n Pay consolidated annual financial statements for the year ended 28 February 2009 will be posted to shareholders today, and contain no modifications to the reviewed condensed consolidated results published on 23 April 2009. The annual report is also available on our website www.pnp.co.za KPMG Inc. has now completed their audit of the company and group annual financial statements of Pick n Pay Stores Ltd. Their unqualified audit report is presented in the annual report and is available for inspection at the registered office of the company.

Notice of Annual General Meeting

The notice of the annual general meeting will be posted to shareholders today, included with the Annual Report. The annual general meeting of Pick n Pay will be held at 09h30 on Friday, 12 June 2009 in the conference center of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting.

11 May 2009 06:56:12(Media Comment)

Business Report noted that Pick n Pay has been raised by Bank of America ("BoA") from "underperform" to "neutral". Analyst Paul Steegers commented that BoA sees "little downside risk in the short term given the potential to deliver double-digit earnings growth."

29 Apr 2009 08:02:29(Media Comment)

Pick n Pay is set to expand further into Soweto with the opening of its fifth and sixth stores, according to Business Day. Until December 2007, the group had no presence in the area. CEO Nick Badminton commented that the company's move to grow into the mass market was paying off.

23 Apr 2009 08:10:16(C)

Group turnover from continuing operations at R49.9 billion (R42.5 billion) is 17.4% above 2008, with a growth of 17.3% in Southern Africa and 18.2% in Australia. Trading profit from continuing operations rose by 11.2% to R1.7 billion (R1.5 billion) and operating profit increased to R1.7 billion (R1.5 billion). Attributable profit for the year increased to R1 billion (R933.4 million). Headline earnings per share from continuing operations at 232.48cps (204.94cps) reflects an increase of 13.4%.

Dividend

The final dividend per share of 134.25 cents for Pick n Pay.

Prospects

Given the tough trading conditions and the investment phase Pick n Pay is in, management is pleased with this result. Pick n Pay remains optimistic for the year ahead due to strategic investments now starting to bear fruit, the relief brought to customers by lower interest rates and reducing inflation. Pick n Pay forecasts improved growth in 2010 headline earnings per share over that achieved for 2009.

07 Apr 2009 09:36:01(Media Comment)

Business Day reported that Pick n Pay won the franchisor of the year award from the Franchise Association of Southern Africa for its work in promoting franchising. Neal Quirk, franchise director of Pick n Pay commented that Pick n Pay's "franchisees are well selected, trained, supported and provided with a successful model".

17 Feb 2009 08:24:22(Media Comment)

BP and Pick n Pay's joint venture for Pick n Pay to sell convenience goods and fuel at the fuel group's service stations is making progress. The retailer said on Friday, 13 February 2009 it expected further information later in the year, but so far the two stores that had been piloted were showing encouraging results.

26 Jan 2009 08:21:33(Media Comment)

Business Day reported that Pick n Pay has summoned its suppliers to an urgent meeting to discuss high and rising food prices, which have continued upwards despite a recent decline in fuel prices. CEO Nick Badminton wrote to suppliers that "in many cases, we are being asked by our suppliers for considerable cost price increases". Badminton describes this as "untenable - and in the case of our customers and the media, indefensible". Pick n Pay is requesting its suppliers to exercise "serious restraint" with respect to price hikes.

19 Jan 2009 11:22:35(Media Comment)

Pick n Pay CEO Nick Badminton commented in an interview in the Sunday Times Business Times that he often wonders what would happen if a big retailer entered South Africa and "became our opposition". Badminton says that foreign retailers could use South Africa as a launching pad into the rest of Africa, but they would find South African retailers, such as Pick n Pay, already there. Badminton says that "in the next year or two we will look to slowly creep into Africa" and that there are good opportunities in Angola and Nigeria.

14 Jan 2009 09:20:55(Media Comment)

Business Day noted that Pick n Pay has been voted the world's best retailer by the National Retail Federation, an international retail organisation. Pick n Pay CEO Nick Badminton will receive the award at the federation's annual convention and expo in New York.

09 Jan 2009 08:37:56(Media Comment)

Business Report noted that Pick n Pay's 2008 festive sales have exceeded expectations. The group forecasted "solid growth" for 2009 despite a consumer slowdown. Among the positives that the company pointed to are interest rate cuts and a lower fuel price.

12 Dec 2008 08:19:34(Media Comment)

Business Report noted that Pick n Pay has been made a constituent of the Top40 index in its latest quarterly shuffling. Pick n Pay will benefit from inclusion as it will increase the company's visibility to local and global investors and attract large investments through funds that track the index.

09 Dec 2008 11:22:04(Official Notice)

The following transaction involving shares was entered into:

*Company secretary: Gary Lea

*Number of shares: 35 000

*Cost price per share: R32.9249

*Value of transaction: R1 152 372

*Date of transaction: 8 December 2008

*Nature of transaction: Sale of shares

*Class of shares: ordinary

*Nature of interest: direct beneficial

*Approval: approval obtained from executive director

24 Nov 2008 11:42:41(Media Comment)

According to Business Report, Fitch has affirmed Pick n Pay's credit rating, noting the "defensive nature of the food retail business" and highlighting the group's consistent sales growth. Fitch affirmed Pick n Pay's long-term credit rating at A plus with a stable outlook and its short-term rating at F1.

28 Oct 2008 08:20:35(Media Comment)

Pick n Pay's Australian unit, Franklins, reported a profit in the six months to August for the first time, according to managing director Aubrey Zelinsky. Business Report noted that operating profit, before interest and capital profits was R1.5 million compared with a loss of R40.3 million in the same period in 2007. In addition, Pick n Pay's performance in South Africa was likely to continue to improve, especially with its private label branding, rebranding of the Score Supermarket chain under the Pick n Pay name and increased efficiencies.

23 Oct 2008 10:42:12(Media Comment)

The Financial Mail reported that Pick n Pay's Nick Badminton is proving to be the right man at the right time. All Badminton's plans, such as the continued software upgrade and its new Longmeadow distribution facility, have proceeded as promised. In addition, Nedcor Securities analyst, Syd Vianello, commented that Pick n Pay is "doing all the right things".

21 Oct 2008 09:15:01(C)

Turnover was up 16.4% to R23.7 billion (R20.3 billion) and trading profit increased by 16.7% to R690.8 million (R592.1 million). Operating profit increased to R682.5 million (R628.5 million). Net attributable profit for the period rose to R385.8 million (R370 million). In addition, headline earnings grew to 81.03cps (73.52cps).

Dividend

An interim ordinary dividend of 35.75cps has been declared.

Prospects

The current turmoil in world markets is of concern, with further tightening of economic conditions. Despite this challenge, all strategic investments will position Pick n Pay very well for the future. The group remains confident that Pick n Pay will achieve good growth in headline earnings per share, from continuing operations, for the full financial year.

20 Oct 2008 16:25:22(Official Notice)

Pick n Pay, and leading petroleum company, BP, have combined forces in a pilot programme set to change the face of petroleum retailing and convenience shopping in South Africa. While a formal agreement between fuel and convenience retailers is not new to South Africa, what is different about this agreement is that Pick n Pay will not only retail convenience goods on the service station forecourt, but will also retail fuel. BP will act as landlords and as fuel wholesalers, with Pick n Pay as the franchisee.

The two companies, which signed a memorandum of understanding in July, will open two pilot sites in the Cape by the end of 2008. Roll out will be dependent on success of the model, but both companies are confident the joint venture will bring multiple benefits not only to the two companies, but especially to South African customers increasingly pressed for time and in search of efficient and affordable convenience retailing.

The roll out would involve further expansion concentrated on BP's top national sites, with the existing BP Express stores being phased out. Diesel will be discounted from the first day of trading. Petrol, which remains strictly regulated by government, will be sold at the prevailing price until such time as government loosens its control on fixed prices. The new convenience stores will be known as Pick n Pay Express, and will stock just over 1,500 lines, staying open 24/7.

The agreement brings into play key strengths of both businesses, and will fulfil the need for Pick n Pay to expand its small store format while creating new entrepreneurs and ensuring the sustainability of small businesses. In terms of the agreement between the companies, which involves both existing and potential new sites, BP is to act as landlord and fuel supplier, and Pick n Pay is to act as the tenant, operating both the forecourt and the on-site Pick n Pay Express convenience store. Where an existing BP franchisee has tenancy, the franchise agreement will, by agreement be converted to a Pick n Pay Express franchise.

Pick n Pay Express stores are intended to replace the current BP Express stores, offering a range of Pick n Pay fresh and convenience items, specifically identified to meet the needs of convenience shoppers, including a Wild Bean Cafe.

16 Oct 2008 08:49:23(Media Comment)

Business Day reported that Pick n Pay is expected to see faster growth by 2010 after completing its restructuring. The group plans to refurbish supermarkets, develop and convert franchises and open new outlets in an intensive roll-out programme.

14 Oct 2008 18:14:45(Official Notice)

Shareholders are advised that Pick n Pay is in the process of finalising its interim results for the six months ended 31 August 2008. As previously reported the group is in the process of closing the Score Supermarkets ("Score") operation. The majority of Score's trading sites are to be sub-let to historically disadvantaged franchisees for operation as Pick n Pay Family stores, with the balance being taken over by Boxer or ceded outside the group. Pick n Pay is therefore treating the results of Score as a discontinued operation and consider the results of the continuing operations to be a more accurate indicator of the performance of the group. The group is expecting the following increase ranges over the corresponding period last year.

The interim results for the six months ended 31 August 2008 will be released on 21 October 2008.

23 Sep 2008 09:17:22(Media Comment)

According to Business Report, Pick n Pay is launching a small format convenience store on Tuesday, 23 September 2008, to begin luring suburban convenience shoppers away from Spar and Woolworths. Cobus Barnard, Pick n Pay's convenience stores general manager, said that the new Daily store, in Fairland, Johannesburg, will be better than Spar on groceries and match Woolworths on fresh lines.

23 Jun 2008 07:41:38(Media Comment)

Pick n Pay director Gareth Ackerman commented that rising inflation would have little effect on 2008 sales, reported Business Day. Ackerman said that sales were still rising in Pick n Pay's stores, and that he saw no reason to cut the company's growth forecast.

20 Jun 2008 08:26:53(Media Comment)

Business Day reported that Pick n Pay intends growing by expanding in underdeveloped areas. It will do this mainly by converting Score stores into Pick n Pay franchises. The group aims to open supermarkets in areas where it does not have a presence.

19 Jun 2008 10:53:05(Official Notice)

It was announced at the AGM of the company on 11 June 2008 that, with immediate effect, David Robins would be retiring from his executive position in the company due to ill health. However, until further notice Mr Robins will remain on the board of directors as Deputy Chairman but in a non-executive capacity.

12 Jun 2008 11:47:45(Official Notice)

At the annual general meeting of the company held in Cape Town on Wednesday, 11 June 2008, all the resolutions contained in the notice of the annual general meeting (dated 5 May 2008) were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the Registrar of Companies in due course.

26 May 2008 16:56:48(Official Notice)

The following information was disclosed relating to the dealings of a director:

*Company director: Dennis Cope

*Number of shares: 150 000

*Price per share: R12.00

*Date of transaction: 26 May 2008

*Class of shares: Ordinary

*Nature of transaction: Purchase of shares pursuant to take-up of share options

*Nature of interest: Indirect beneficial

*Approval: Approval obtained from executive director

20 May 2008 10:47:08(Official Notice)

Shareholders are advised that the Pick n Pay consolidated annual financial statements (annual report) for the year ended 29 February 2008 will be posted to shareholders on 20 May 2008 and contain no modifications to the reviewed condensed consolidated results published on 22 April 2008. KPMG Inc has completed their audit of the results and the annual financial statements of Pick n Pay. Their unqualified audit report is presented in the annual report and is available for inspection at the registered office of the company.

The notice of the annual general meeting will be posted to shareholders with the annual report, and notice is hereby given that the annual general meeting of Pick n Pay will be held on Wednesday, 11 June 2008 in the conference center of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting.

14 May 2008 12:41:30(D)

On 12 May 2008 the following executives were granted share options over ordinary shares at a price of R26.56 each, which may be paid for and taken up 40% after 2 years, 30% after 3 years and 30% after 4 years. All share options granted are of a direct beneficial nature and were approved by an executive director.

*Nick Badminton (Director) - 11 296

*Dennis Cope (Director) - 15 062

*Gary Lea (Company Secretary) - 11 296

22 Apr 2008 08:40:07(C)

Group turnover at R45.4 billion (R39.3 billion) showed strong growth of 15.4% above 2007.The trading profit increased by 16.9% to R1.5 billion (R1.3 billion) with trading profit margin increasing from 3.2% last year to 3.3% in the year. Operating profit rose to R1.5 billion (R1.3 billion) and profit for the year attributable to ordinary shareholders jumped to R936.8 million (R675.6 million). Headline earnings per share at 198.82 cents is 10.1% above the 180.55cps recorded for 2007.

Dividend

Final ordinary dividend number 80 of 118cps (107.25cps) has been declared for the period under review.

Prospects

The conversion of the accounting systems to SAP throughout the group is ongoing with the conversion of the Western Cape, Eastern Cape and KwaZulu-Natal regions, together with the corporate accounting office, now complete. The remainder of the Pick n Pay Retail divisions are due for conversion over the next 18 months. As we continue to implement the group's strategy, as set out in various financial reports presented during the year, the main focus areas for the coming year include the continued conversions of Score stores to Pick n Pay Family stores, enhancements to the efficiency and throughput of our new distribution centre at Longmeadow, improvements to organisation, and further enhancements to the Fresh food offer. The board is confident that the group will achieve an acceptable growth in headline earnings for the 2009 financial year, and with the significant investment taking place, strong growth for the years thereafter.

19 Jul 2006 08:47:31(Media Comment)

The South African Commercial Catering and Allied Workers Union had demanded a monthly pay rise of as much as 14%. Business Day noted that the demand came a year after Pick 'n Pay had agreed to a 7.2% wage increase.

20 Jun 2006 11:38:15(Official Notice)

At the annual general meeting of the company held in Cape Town on Friday, 15 June 2006, all the resolutions contained in the notice of the annual general meeting were passed by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Registrar of Companies in due course.

14 Jun 2006 09:28:25(Media Comment)

Business Day noted that Pick 'n Pay's acquisition of Fruit and Veg City it is rumoured to be in the region of R400 million.

12 Jun 2006 17:57:34(Official Notice)

Pick `n Pay announced that it would, subject to conditions, acquire the entire issued share capital of Fruit - Veg City for an undisclosed amount. Further details would be available once the transaction had been finalised.

24 May 2006 14:17:46(Official Notice)

Shareholders are advised that the Pick `n Pay and Pikwik annual financial statements for the year ended 28 February 2006 were posted to shareholders on 24 May 2006, and contain no modifications to the reviewed results which were published on 20 April 2006.

Notice of the annual general meetings

The annual general meetings of Pick `n Pay and Pikwik will be held at 09h00 and 09h30, respectively, on Thursday, 15 June 2006 in the conference centre of the group's new registered office Pick `n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notices of the annual general meetings.

Change of registered office

Notice has also been given for a change to the registered office of Pick `n Pay and Pikwik, effective 1 June 2006. The new registered office is:

Pick `n Pay Office Park

101 Rosmead Avenue

Kenilworth, 7708

Cape Town

24 May 2006 11:34:05(Media Comment)

Commenting on the future of its Franklins stores in Australia Raymond Ackerman, chairman of Pick 'n Pay, told Business Report, "we will consider what we will do if we don't get near to, or break even this year. A lot will depend on franchising."

11 May 2006 10:56:42(Media Comment)

Pick 'n Pay employees belonging to the Commercial, Catering and Allied Worker's Union are on a go-slow at certain stores. Business Day noted that the reason was attributed to a wage dispute.

02 May 2006 14:50:43(Official Notice)

On 24 April 2006 the following executives were granted share options over ordinary shares at a price of R28.00 each, which may be paid for and taken up 40% after 2 years, 30% after 3 years and 30% after 4 years. All share options are of a direct beneficial nature and were approved by an executive director.

*Sean Summers (Director) -- 107 143 shares

*Dennis Cope (Director) -- 32 143 shares

*David Robins (Director) -- 19 643 shares

*Gary Lea (Company Secretary) -- 9 375 shares

24 Apr 2006 10:18:21(Permanent)

NOTE IFRS was implemented with effect from Feb 05, financial statements released prior to this date are not comparable.

20 Apr 2006 09:58:56(C)

19 Apr 2006 10:34:37(Media Comment)

Analysts were, according to the Business Report, eagerly awaiting news on the future of Pick 'n Pay's lossmaking Australian operation --- Franklins as international speculation was that Metcash Australia might be interested in buying it. African Harvest's Mark Ansley said that Pick 'n Pay had said that it would give the Australian venture "a good go for five years and then make hard decisions " about it. The five years were now up and the market was expecting that the loss making trend experienced at Franklins would continue. Coronation Fund Managers' Neill Young said that the Australian supermarket environment was difficult and one in which strong competition and low inflation would cut into margins.

29 Nov 2005 17:00:08(Official Notice)

Dealings made by a director :

*Company director -- Sean Summers

*Number of shares -- 48 594

*Price per share -- R27.12

*Date of transaction -- 28 November 2005

*Class of shares -- Ordinary

*Nature of transaction -- Sale of shares

*Nature of interest -- Direct beneficial

*Approval -- Approval obtained from executive director

*Company director -- Sean Summers

*Number of shares -- 451 406

*Price per share -- R27.00

*Date of transaction -- 29 November 2005

*Class of shares -- Ordinary

*Nature of transaction -- Sale of shares

*Nature of interest -- Direct beneficial

*Approval -- Approval obtained from executive director

25 Oct 2005 12:32:52(Media Comment)

Business Day noted that Pick 'n Pay's long-term rating at A+ and its short-term rating at F1 had been affirmed by international rating agency Fitch. According to the agency the company's outlook remained stable and the rating reflected Pick 'n Pay's leading position within the South African retail environment.

18 Oct 2005 10:59:31(C)

Management did a commendable job in minimising the effect of the industrial action and were still able to show good real growth in turnover and profitability. Group turnover at R16.9 billion (R15.2 billion) shows good growth of 10.7% which is well above the low levels of inflation. Headline earnings per share at 55.31c (47.41c) has increased by 16.7%, which is above the 14.4% increase in headline earnings, as a result of the concentration effect of share repurchases.

For the first time the Pick 'n Pay group is reporting under International Financial Reporting Standards. The implementation of the SAP software system has gone very well. The process of switching to its own distribution channels was more difficult than originally anticipated, and as a consequence the company incurred exceptional once-off expenditure in the current six-month period. Service levels from the distribution centres are now consistently in excess of 94%. An interim dividend of 23.30cps was declared.

Prospects

Given the significant issues the group had to contend with in the current six-month period, the directors are pleased with these interim results.The remainder of the financial year will see some exciting new store openings in Pick 'n Pay Retail, focus in Australia will be launching Franchising, and in Score on ensuring the group stays on course to profitability.

02 Aug 2005 09:36:46(Official Notice)

Pick `n Pay CEO Sean Summers said on Monday 01 August 2005 that the agreement reached with SACCAWU at R325 across the board will result in an overall increase in the company`s labour bill of some 7.2%. The total turnover cost to Pick `n Pay over the 11 days was R73m. Pick `n Pay Retail MD Nick Badminton said: `As part of the settlement, the parties have committed to urgently embark on a process that will lead to increased productivity as well as the adaptation of trading hours and working shifts. A commitment has also been made to dealing with the relationship post the strike. A small number of employees earning more than R4100 per month will receive an 8% increase.` Said Summers: `We`d like to apologise to our customers for any inconvenience they may have experienced and thank them for their support and patience throughout. Both parties are pleased to have resolved the dispute and look forward to improving the relationship looking forward.`

26 Jul 2005 15:49:04(Official Notice)

Pick `n Pay confirmed that today, stores were for the most part, trading normally nationwide. CEO Sean Summers said that the total turnover losses since Friday amounted to just under R50m (for the four days). Most of the turnover loss was experienced on Friday and Saturday, the first two days of the strike. Summers said: `Yesterday we found considerably more restraint exercised at stores on the part of our employees. We are grateful that they have behaved in a more respectful manner. Picketing rules have now been agreed with the union through the CCMA and we believe that any picketing action will now be conducted peacefully and within the law. We have requested of the union that the few remaining instances of bad behaviour be dealt with by the union leadership. Safety arrangements have been made for today`s marches by the union, due to take place at the major urban centres. We believe that our offer of 7.9% or R310 per month, backdated to March 2005, together with all the benefits Pick `n Pay employees enjoy, is more than fair. The company and our employees have suffered significant financial losses and we are hopeful that this dispute will be resolved as soon as possible. We need to make sure that the regrettable actions of particularly the first two days are not repeated.`

A meeting with the Union has been agreed and will take place at 09h00 tomorrow (Wednesday 27 July) under the auspices of the CCMA in order to try and find a resolution to this dispute.

25 Jul 2005 16:08:18(Official Notice)

Pick `n Pay said it was pleased to report that the strike was `far more orderly` today around the country. Stores were trading normally. However, it appealed to the Union, SACCAWU, to intervene in the case of 10 particular stores, three in the Western Cape, six in Gauteng and one in the Eastern Cape, where behaviour had become unacceptable. Pick `n Pay CEO Sean Summers said: `We would like to prevail upon union members to conduct themselves in accordance with the interdict we have in place. This means they need to obey the law and create an environment conducive to ongoing discussions. We are aware that certain marches have been planned for tomorrow and we appeal to union members to behave within the law and in an orderly way. Safety arrangements have been made.`

The parties are in the process of finalising picketing rules with the CCMA. This will include how many workers can picket at each store and in which demarcated areas they will be permitted to do so. This is to abide by the provisions of a protected strike where workers are afforded the right to picket, but where Pick `n Pay has a reciprocal right to continue to trade unhindered. Summers said: `With regard to a statement released by the union this morning, we would like to point out that the ball is firmly in the union`s court. SACCAWU ceased negotiations at the beginning of the strike and therefore the duty is theirs to respond to the company with a counter proposal. In SACCAWU`s statement of today, they have said that they found their members` behaviour to have been acceptable. We need only refer to conduct in various of our stores around the country as witnessed by our customers, the media, the public and captured on hours of film to draw the conclusion that their statement unfortunately does not reflect reality. Given that this strike will have to be resolved at some point, it follows that our workers currently on strike will remain our employees, as will the union remain our union. It is therefore vital that we maintain our composure and deal with the facts and issues at hand - it is these that will dictate our future. It is a time for leadership to be shown by all parties concerned. We sincerely hope that by the end of the day, meetings will have been set up with the parties to seek resolution.`

25 Jul 2005 11:20:33(Official Notice)

Pick `n Pay stores nationwide were trading normally on Sunday, 24 July 05, apart from three incidents reported in Gauteng, where customers were prevented from entering stores. Pick `n Pay CEO Sean Summers said that a significant number had stayed away on the first days of the strike. The company incurred trading losses of approximately R24-million on Friday due to customers being prevented from entering stores and employees erecting barricades outside stores to prevent entry.

Summers said that Pick `n Pay believed its wage increase offer to be more than fair. He added that if one considered not only the offered increase of R310 per month or 7.9% (whichever the greatest), backdated to 1 March 2005, and roughly double the inflation rate, but also the comprehensive benefits that its employees enjoy, he believes that the company`s employees are amongst the best remunerated in the industry.

20 Jul 2005 15:15:49(Official Notice)

Responding to strike action to be taken by Saccawu, Pick `n Pay released a press announcement in which it said, ` Pick `n Pay has offered a monthly increase of 7.9%, or R310.00, whichever is the greater. For us, this is a supreme irony: that we are net job creators in an environment of job losses, that we are already one of the highest payers in the country, that we have already offered more than has been accepted by the Union from other retailers and yet still, the Union is calling for a strike. This strike will affect the performance of the very company that is creating new and meaningful jobs for its members. The Union has called a national strike on the issue of wage negotiations, but focuses on two unrelated issues: that of a programme aired on SABC - `Special Assignment` and executive remuneration.`

10 Jun 2005 15:17:04(Official Notice)

Shareholders are advised that, at the annual general meeting of the company held in Cape Town on Friday, 10 June 2005, all the resolutions contained in the notice of the annual general meeting have been passed by the requisite majority of shareholders.

19 May 2004 18:14:15(Official Notice)

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following information is disclosed:

* Subsidiary company director : Moshe Pulik

* Number of shares : 69490

* Price per share : R17.08

* Date of transaction : 14 May 2004

* Class of shares : Ordinary

* Nature of transaction : Sale of shares

* Nature of interest : Direct beneficial

* Approval : Approval obtained from executive director

12-Dec-2018(X)

The Pick n Pay Group is one of Africa's largest and most consistently successful retailers, with 1 675 stores (989 corporate and 686 franchise). In addition, it has 57 supermarkets in Zimbabwe through its investment in TM Supermarkets. Pick n Pay branded businesses include Hypermarkets, Supermarkets, Clothing, Liquor, Express and Pharmacies. Non-Pick n Pay branded businesses include Boxer Superstores and a 49% shareholding in TM Supermarkets in Zimbabwe. Pick n Pay has a footprint in South Africa, Namibia, Swaziland, Botswana, Lesotho, Zambia and Zimbabwe.